|Search Results||Showing 1 - 3 of 3 results for "Safeguarding Australia"|
|... "Australia's life insurance sector faced deteriorating conditions over 2019," APRA said in its report Safeguarding Australia's Financial Wellbeing . The viability of some life insurance products, the regulator said, is in severe doubt due to risks and ...|
|Australia's big four banks collect one third of all fees paid to superannuation funds totaling about $10 billion, according to research from Rainmaker Information commissioned by Industry Super Australia. The study found that the super industry drew ...|
|... remain so ISN will continue to provide much needed leadership by standing up for our super system and safeguarding Australia's retirement savings."|
Australia's superannuation sector is fighting a war on three different fronts, as the economic fallout of COVID-19 continues to bite.
Significant hikes in group insurance premiums have been put down to the Protecting Your Super reforms - with members of four superannuation funds facing premium increases of 34%.
APRA has asked superannuation funds to submit their in-house modelling on the magnitude of impact they are expecting from the Federal Government's special allowance for early release from superannuation.
Zenith Investment Partners wants to reverse out of its planned $12 million purchase of Chant West's superannuation business, saying the latter has been materially affected since February, but Chant West is digging its heels in.
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