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Showing 1 - 10 of 119 results for "Protecting Your Super"

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 ...

GESB alignment strategy sees member, FUM growth

JAMIE WILLIAMSON  |  FRIDAY, 9 JAN 2026
... that's all, but we are doing a feasibility assessment this year." GESB is also in the process of adopting the Protecting Your Super reforms.

Life insurance premiums edge lower

ANDREW MCKEAN  |  TUESDAY, 6 MAY 2025
... prompted by a re-pricing existing benefits, despite fewer super fund members holding default cover under Protecting Your Super reforms. DEXX&R also flagged that Australia's five largest life insurance groups by in-force premiums at December were TAL ...

GESB expands leadership team

JAMIE WILLIAMSON  |  MONDAY, 14 APR 2025
... receiving contributions from members no longer working in the public sector. It also recently adopted the Protecting Your Super reforms to help avoid members' balances eroding. GESB recently welcomed Kelly Smith to the role of chief member experience ...

Insurance in super remains a mystery to millions of Australians

ANDREW MCKEAN  |  FRIDAY, 28 MAR 2025
... concluded that group insurance arrangements were contributing to "excessive" erosion of super balances. The Protecting Your Super reforms were implemented the following year in an effort to curb this. So, what should be done? SCA said the risk of balance ...

WA super law reforms boost GESB

JAMIE WILLIAMSON  |  MONDAY, 2 DEC 2024
... they change jobs. In September, GESB's governing regulations were amended to enable its adoption of the Protecting Your Super reforms as well, allowing the fund to cancel insurance in inactive accounts and transfer them to the ATO. "GESB has a long history ...

Systemic issues impact 20k consumers: AFCA

MATTHEW WAI  |  MONDAY, 11 NOV 2024
... most common systemic issues it saw in the second half of FY24, including continued non-compliance with the Protecting Your Super regime. According to the Systemic Issues Insights Report, over 20,000 consumers were impacted and resulted in refunds of ...

GESB adopts Protecting Your Super reforms

JAMIE WILLIAMSON  |  MONDAY, 30 SEP 2024
... fund for Western Australia, has had its governing regulations amended to enable its adoption of the 2019 Protecting Your Super reforms - part of a broader suite of changes it's looking to implement to ensure sustainability. This month, the West Australian ...

Major decline in group insurance coverage: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 28 FEB 2024
... coverage, pointing the finger at recent 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 ...

Spaceship Super dumps admin fee waiver

JAMIE WILLIAMSON  |  FRIDAY, 6 OCT 2023
... $6000 or less will begin paying an administration fee of $1.50 week, or $78 a year. In accordance with the Protecting Your Super rules, the fees will be capped at 3% of the balance and anything charged in excess of this will be rebated back to the member. ...
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