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Showing 1 - 10 of 40 results for "Stapling"

Every super fund should cover every occupation: FSC

KANIKA SOOD  |  FRIDAY, 13 AUG 2021
... Services Council is consulting on solutions for group insurance cover for members working in hazardous occupations after stapling. FSC said if a MySuper product's default life insurance cover has occupations-based exclusions, a member working in ...

Multiple accounts already in sharp decline

ELIZABETH MCARTHUR  |  THURSDAY, 12 AUG 2021
Ahead of the stapling reforms being implemented, a new research paper from the Association of Superannuation Funds of Australia (ASFA) shows multiple super accounts are already in sharp decline The paper outlines the fact that ATO data suggests there ...

Government releases final YFYS regulations

KANIKA SOOD  |  FRIDAY, 6 AUG 2021
... reduce fees as soon as possible. It has also defined a 'stapled fund' including a tie-breaker rule to decide the stapling fund for members with multiple accounts. Other regulations include specification of how products will be ranked on the online ...

Spaceship hits $1bn in total assets

KANIKA SOOD  |  TUESDAY, 27 JUL 2021
... years into its life. As a Choice product with no employer relations, Spaceship's superannuation fund is immune to the new stapling and performance benchmarking requirements. Read more about Spaceship's business model and Moore's career in FS Super's ...

UniSuper's O'Sullivan on what's next

KANIKA SOOD  |  MONDAY, 19 JUL 2021
... new members, of its roughly 450,000 total membership base. This time around, the driver for opening the fund further is stapling and the drop in arrivals of international students to Australia -- which has led UniSuper to conclude hiring at universities ...

Industry mixed on YFYS

ANNABELLE DICKSON  |  FRIDAY, 18 JUN 2021
... Your Future, Your Super reforms were passed in the Senate yesterday with an amendment that will delay benchmarking and stapling until November. The Australian Institute of Superannuation Trustees (AIST) originally supported the objectives of the reforms ...

Your Future, Your Super passes

ELIZABETH MCARTHUR  |  THURSDAY, 17 JUN 2021
... the bill, while Labor and the Greens objected to it. However, an amendment was passed which will delay benchmarking and stapling until November. Independent Senator Rex Patrick failed to find support for his proposed amendment, which would have extended ...

More super tax concessions on table

ELIZABETH MCARTHUR  |  THURSDAY, 17 JUN 2021
... today reiterated its concerns that the new laws could trap Australians in poor performing super products through its stapling measures. According to ISA, the new legislation could cost Australian workers $230,000 in retirement savings by stapling them ...

Concern for consumers ahead of YFYS

ELIZABETH MCARTHUR  |  MONDAY, 7 JUN 2021
... Slater and Gordon warned that Australians could end up with less insurance coverage or the wrong insurance policy if the stapling reforms are passed into law. Under the reforms, workers will have one default fund that follows them from job to job. "Some ...

YFYS on its way to Senate

KANIKA SOOD  |  FRIDAY, 4 JUN 2021
... amendments lost out 69 to 59, with only the Greens MP Adam Bandt and independent MP Craig Kelly siding with it. Labor wanted stapling to exclude dangerous occupations, a deferred start date to stapling and inclusion of choice products in the performance ...
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