PYS

Superannuation

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 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 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

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

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

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

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

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

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

3 weeks 4 days ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

2 weeks 3 days ago