pys

Superannuation

APRA confirms super early release did impact super fund liquidity

Some superannuation funds have been confirmed as having faced a liquidity squeeze as a result of the Government’s early release superannuation regime while some members l...

Financial planning

OneVue maintains revenue stability amid pandemic

OneVue has posted a revenue decrease of 1% to $49.1 million in its FY20 results due to market volatility, lower interest rates and the new Protect Your Super legislation ...

Superannuation

Legislation will see super ERFs head for the exit

Legislation will be introduced next year to allow trustees to voluntarily transfer any amount of inactive low balance accounts to the tax office, spelling the beginning o...

Life/Risk

PYS changes already impacting claims

Five terminal illness claims and two death claims have already been turned away by Hostplus for members unaware of the PYS changes and the fund believes this is just the ...

Superannuation

Is Govt risking opening up insurance gap?

New research has confirmed that without a vigorous member communications campaign by superannuation funds and life insurers, more than half of Australians might have been...

Superannuation

Have Govt’s super moves generated an uptick in claims?

More unintended consequences appear to have emerged from the Government’s changes to insurance inside superannuation, with superannuation funds reporting an uptick in cla...

Superannuation

Hundreds of thousands lose super insurance cover

It is only early days, but already the numbers of superannuation fund members who have lost insurance cover as a result of the Government’s Protecting Your Superannuation...

Editorial

Folly in the Govt’s rush on insurance inside super legislation

There is already a good deal of confusion about the Government’s recent legislative efforts around insurance inside superannuation meaning that it should accede to indust...

Superannuation

More than 440 AMP customers want insurance reinstated

More than 440 AMP superannuation customers have demanded to have their cancelled insurance cover reinstated, while more than 5,000 supposedly ‘inactive’ and low balance c...