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Showing 1 - 10 of 84 results for "Interests First"

Major super reforms cost members $670m in death benefits: ASFA

KARREN VERGARA  |  FRIDAY, 6 MAR 2026
The Protecting Your Super Package (PYS) and the Putting Members' Interests First (PMIF) reforms result in $670 million in foregone death benefits each year, new research from the Association of Superannuation Funds of Australia (ASFA) shows. Seven ...

Former Western AM investment chief charged for 'cherry-picking'

MATTHEW WAI  |  TUESDAY, 26 NOV 2024
... all times obliged to perform their functions, including trade allocations, in a manner that puts their clients' interests first," Wadhwa reiterated. "As alleged, Leech abdicated that all-important duty for years." Co-chief of the division of enforcement's ...

Major decline in group insurance coverage: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 28 FEB 2024
... reforms. ASFA research indicates that the implementation of the Protecting Your Super (PYS) and Putting Members Interests First (PMIF) policies have contributed to a substantial reduction in superannuation insurance coverage for death benefits; a 36% ...

Aussies want control of nest eggs: FSC

KARREN VERGARA  |  MONDAY, 19 FEB 2024
... more transparent (35%), allowing access to superannuation for genuine emergencies (32%), putting members' interests first (25%), and reforming the tax settings to make them sustainable and fair (24%).

Cbus scolded over 'most galling conflict' in super

ANDREW MCKEAN  |  TUESDAY, 3 OCT 2023
... itself appears to have had "major doubts" about the bill. "Mr Swan and his board have a duty to put the members interests first, not the political interests of the Labor Party, the CFMEU or the union movement," Bragg said. "People need to know that their ...

Qantas Super confirms merger plans

JAMIE WILLIAMSON  |  MONDAY, 25 SEP 2023
... the superannuation and retirement savings of Qantas Super's members and will always put their best financial interests first," the fund said. There's been several corporate super funds to announce or complete mergers of late. Most recently, in ...

Foreign investment fees to double

JAMIE WILLIAMSON  |  FRIDAY, 22 JUL 2022
... will help the Albanese government deliver its ambitious housing reform agenda. "We will always put Australian interests first. That means ensuring Australians benefit from foreign investment in Australia," Chalmers said. "Tackling housing affordability ...

Super funds not ready for IDR

ELIZABETH MCARTHUR  |  FRIDAY, 3 SEP 2021
... complainants, and learn from complaints, is a true indicator of whether their funds have a culture of putting member's interests first. It also provides insights into the maturity of a trustee's approach to risk." From October 5, key aspects of IDR obligations ...

RI Advice failed oversight obligations: Court

KARREN VERGARA  |  MONDAY, 2 AUG 2021
... had breached his best interests obligations by giving inappropriate advice and failing to put his clients' interests first. Doyle was an authorised representative of RI Advice between May 2013 and June 2016, when it was owned by ANZ Banking Group. ...

Aware Super, VISSF merger to proceed

JAMIE WILLIAMSON  |  THURSDAY, 29 JUL 2021
... Likewise, VISSF chair Peter Sharples said the merger is a continuation of the funds' efforts to always put members interests first. "With increasing regulatory reform and growing trustee obligations, we recognise the importance and advantage of scale ...
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