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Showing 1 - 3 of 3 results for "PYSP Act"

Problems persist with PYSP communication: ASIC

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
... review last year because of concerns that unbalanced trustee communications could undermine the effectiveness of the PYSP Act in producing benefits for members. The report presents findings from ASIC's review of a broad range of communications material ...

Communication fails to keep member interests at heart

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2019
... of communicating the PYSP changes. Superannuation funds had until 1 May 2019 to explain to members the purpose of the PYSP Act, how they'd benefit from unnecessary cover and how it would help their retirement savings from unduly premiums. ASIC wrote ...

ASIC targets misleading member communication

KARREN VERGARA  |  WEDNESDAY, 17 APR 2019
... misleading." Issued on April 2, the note expressed ASIC's expectations about member communications regarding the PYSP Act. Initial insurance cancellation notices are to be issued by 1 May 2019. "As this is a significant change in the arrangements ...
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