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Showing 1 - 10 of 76 results for %22Putting Members%27 Interests First%22

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
... superannuation system simpler and 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%).

BUSSQ sees strength in niche super

ELIZABETH FRY  |  FRIDAY, 30 SEP 2022
... Taylor doesn't subscribe to the adage that bigger is always better. "This idea of following the banking model and putting all of the small super funds into four or five large ones does not necessarily translate into better long-term financial benefits ...

Defective disclosures see Avanteos Investments fined

JAMIE WILLIAMSON  |  WEDNESDAY, 15 JUN 2022
... "systemic breakdown", saying it was a "very serious failing of corporate governance and an example of a financial corporation putting its own interests above those of its investors". All the members' estates have been remediated, ASIC noted. "This ...

AustralianSuper adds ACTU president to board

JAMIE WILLIAMSON  |  TUESDAY, 12 OCT 2021
... "Ms. O'Neil has vast experience with member-based organisations and has a deep understanding of the importance of putting members' interests at the centre of the decision-making process," Russell said. Also commenting, O'Neil said she is ...

Maritime Super dumps ISA membership

JAMIE WILLIAMSON  |  FRIDAY, 27 AUG 2021
... 1967 and it was the first super fund with which I was personally involved." He added that the decision is an example of putting the financial interests of members ahead of anything else, which is what industry super funds are all about. "On behalf of ...

Labor to push for YFYS stapling amendments

KANIKA SOOD  |  WEDNESDAY, 19 MAY 2021
... superannuation funds of members working in dangerous occupations excluded from stapling. This was previously done in the Putting Members' Interests First legislation, where insurance changes did not apply to members in hazardous occupations. "I think ...

Super funds under $30bn should merge: APRA

KANIKA SOOD  |  WEDNESDAY, 19 MAY 2021
... improve including current directors with 20-year tenures on super boards. "[Funds talk about] putting members interests first. But the evidence to support that they genuinely do that is often not as easy to point to as it should be," she said. Financial ...

Spirit Super drops fees after merger

KANIKA SOOD  |  THURSDAY, 1 APR 2021
... its February 2021 premium hike to COVID-19 and government reforms, and the February 2020 hike to Putting Members Interests First and Protecting Your Super. T asplan attributed its 7% fee hike in September 2020 to PYSP and PMIF.

Risk inflows stagnant, satisfaction varies

ANNABELLE DICKSON  |  WEDNESDAY, 31 MAR 2021
... at 6.2%. Group risk premium inflows decreased 0.6% over the year as a result of the Protecting Your Super and Putting Members' Interests First legislation. Despite this, AIA Australia recorded 27.3% growth followed by QInsure at 3.8%. BT/Westpac recorded ...
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