Page 9 - Rest Super News Today

Normal text size Very large text size It’s just before 1am, an odd time to be walking dogs. But Daniel Macklin has just clocked off from a forklift-driving shift in Bairnsdale, in eastern Victoria. Now, early on this Monday morning in October 2019, the 33-year-old has driven to Shaving Point, a picnic area in nearby Metung, to give Jasper and Kiro a run and quick sausages cooked up on the public barbecue. Macklin loads the dogs into the back of his brand-new, $60,000 Toyota RAV4 (“lovely ca...

Seven of TAL’s superannuation fund partners – Aware Super, Rest Super, LGIA Super, MyLife MyInsurance, NGS Super, Prime Super and TWUSUPER – now offered their members access to the digital service, which complemented the services TALs claims team to enhance customers claims experience by making the process as simple, transparent and quick as possible.  Jenny Oliver, TAL chief claims officer, said TAL recognised that for many customers, the convenience and ease of access that comes with a...

Hardship withdrawals leave black hole in retirement savings We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement About 140,000 of Colonial First State superannuation fund’s one million members withdrew about $1.5 billion in cash from their retirement savings under the federal government’s COVID-19 induced financial hardship early super release scheme last year. About 40 per cent of members who withdrew money – many of which w...

ASIC sues REST Super for misleading conduct Mar 2, 2021 – 5.34pm Share The corporate watchdog has accused the $60 billion REST Super of misleading and deceptive conduct, alleging the industry superannuation fund tried to stop members transferring their savings to a better performing fund. The Australian Securities and Investments Commission civil case, filed in the Federal Court on Tuesday, alleges REST gained a benefit from the deceptive activity over a decade by retaining members who would ...

Super funds go high-tech to reach you in a more modern way We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement flindaSuperannuation funds are pouring money into artificial intelligence and improving mobile phone apps in a bid to harness an uptick in member engagement resulting from the coronavirus pandemic and the federal govenment’s associated financial hardship early access to super scheme. KPMG’s super advisory partner Davi...

We missed you too. Sign up to our newsletter, and follow us on Instagram and Twitter, so you always know where to find us. Katta O’Donnell is a 23-year-old who is suing the Australian government for climate inaction.   She’s been making waves since the lawsuit was filed last year, and the case is due to head to trial in a few months.   So why is Katta pursuing this line of action against the government? And what should we know about this kind of climate activism?  Climate Change ...

Print The Government’s Protecting Your Super (PYS) legislation has certainly dragged on the major life insurers, but it has not been all bad balance sheet news, according to specialist life/risk research house, Dexx&r. The latest Dexx&r analysis has found that while the PYS measures meant fewer members had default cover, re-pricing existing benefits had enabled life companies active in the group market to increase total premium received. It noted that total in-force group risk premium increas...