Time for a review of insurance in super
Super Consumers Australia calls on the government to follow through on the Productivity Commission recommendation of an independent review.
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Super Consumers Australia calls on the government to follow through on the Productivity Commission recommendation of an independent review.
In the media Govt uses super legislation to impose portfolio holdings change MEFIA - 18 February 2021 - In what represents a hook in the Government's Your Future Your Super legislation, it has moved to impose portfolio holdings requirements on superannuation funds. More... Your future, your Super reforms introduced into parliament TREASURY - 17 February 2021 - The Morrison Government has introduced legislation into parliament to ensure the superannuation system works harder for all Australians. The Your Future, Your Super package is scheduled to commence on 1 July 2021. More... Industry f...
The vulnerable members provisions of the Insurance in Superannuation Voluntary Code of Practice have been amended and opened to industry consultation.
Date Time ASIC report explores how to measure ‘value for money’ in default insurance in superannuation ASIC today released a report on measuring the value for money that Australians receive from default insurance provided by their superannuation funds. Superannuation trustees must offer default death and permanent incapacity insurance benefits on an opt-out basis to most members in a MySuper product. Many trustees also choose to offer default insurance to members in Choice superannuation products. Report 675 Default insurance in superannuation: Member value for money (REP 675) explores me...