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09 May 2019
Why we must go to 12%: AIST goes head to head with Grattan | Keep members best interests in mind when implementing PYSP: APRA | AIST calls for AFCA to make complaint data more transparent | Royal Commission sparks consultation into Indigenous kinship structures | Standardised terms will help consumers compare insurance offerings
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02 May 2019
Backdown on banning conflicted financial advice will leave consumers exposed APRA seeks feedback on its revision of member outcomes standard Super gender gap differs from state to state
17 April 2019
AFCA seeks feedback on proposed fund complaint table | Call for feedback on means test rules on income streams | MoneySmart website updates PYS info | Research highlights big difference in Choice fees and performance | Regulators put funds on notice over excessive advice fees | APRA outlines tougher enforcement approach | Insurance in Super Code to be amended
10 April 2019
ASIC delays Choice dashboards by up to four years | Members’ best interests ignored in latest fee and cost disclosure proposals | Move to improve access to death benefits for Indigenous Australians | AIST recommends changes to APRA’s supervisory role | Latest on Protecting Your Super implementation | Sweeping changes recommended for family law | Super industry responds to new payment system
05 April 2019
SEN Notice on the PYSP changes | Insurance Inactivity Notice – 1 May version | Insurance Inactivity Notice – 9, 12 and 15 month inactivity letter*
04 April 2019
Parliament gives APRA new super powers and a new members outcomes test | New design/disclosure laws for Choice products | Time for a re-think on financial advice | Missed opportunity: Budget response | Gaps in consumer awareness of advice: ASIC | ASIC releases levy funding details
03 April 2019
AIST will be producing a template to assist funds in preparing their communications to members about the Protecting Your Super Package.
The focus of the 2019/2020 Federal Budget was on significant tax cuts for low and middle income earners. The Government also announced a one-off payment to pensioners to help cover the cost of energy bills, and modest changes to superannuation.
21 March 2019
Move to enforce Insurance in Super Code Regulators focus on data to improve transparency | Govt moves to improve insurers response to claims | Govt moves to end grandfathered commissions | APRA puts trustees on notice regarding climate change risks | AFCA reveals new consumer advisory panel | No room for complacency for profit-to-member sector
08 March 2019
APRA recognises need to focus on underperforming Choice products | Funds under pressure to implement Protecting Your Super reforms | Spotlight on grandfathered commissions | Employer amnesty on unpaid super in doubt | Marginal growth in super assets during 2018 | Insurers to become more accountable for claims handling