Lifting the Bar, Superfunds June 2019
ASIC is urging superannuation trustees to prioritise member interests when handling insurance claims and complaints.
In this month’s Superfunds magazine, Senior Executive Leader for Superannuation, Jane Eccleston explains why change is necessary and how small improvements can make a big difference for super fund members.
Read the article (PDF 376KB)
Member communications associated with the Treasury Laws Amendment (Protecting Your Superannuation Package) Bill 2018
11 April 2019
ASIC has issued a letter to superannuation industry associations to highlight expectations relating to member communications associated with the Treasury Laws Amendment (Protecting Your Superannuation Package) Bill 2018, particularly in relation to initial insurance cancellation notices to be issued by 1 May 2019.
Read the letter
ASIC and APRA publish joint letter on superannuation fees
10 April 2019
ASIC and APRA have published a joint letter to all registrable superannuation entity licensees to reinforce the importance of ensuring fees charged to members are in line with the members’ best interests.
Read the release and joint letter
Roundtable meetings on fees and cost disclosure
5 March 2019
ASIC held roundtable meetings on the RG 97 fees and costs disclosure regime:
- in Sydney on Monday 4 March 2019 at ASIC’s office at 100 Market Street, and
- in Melbourne on Tuesday 5 March 2019 at ASIC’s office at 120 Collins Street.
Find out more
RG 97 Consultation Paper
8 January 2019
ASIC had released a consultation paper seeking industry feedback on proposals to make changes to the fees and costs disclosure regime.
Read the media release
Read the consultation paper
Find out more about the consultation
Compliance time period extended for ASIC Class Order [CO 14/1252]
11 December 2018
ASIC has extended the time periods for compliance with certain aspects of the fee and cost disclosure requirements in ASIC Class Order [CO 14/1252] for one further year to their equivalent dates in 2020.
Find out more about the extension
RG 97 review
24 July 2018
The external review by Darren McShane into Regulatory Guide 97: Disclosing fees and costs in PDSs and periodic statements (RG 97) is now complete and ASIC has published Mr McShane’s report.
Read the report
ASIC appoints expert to review fees and costs disclosure settings
ASIC has appointed Darren McShane, who has extensive experience in the superannuation and managed investments industry, to conduct a review of the fees and costs disclosure requirements under RG 97. The review is expected to be completed in the first half of 2018.
Read the media release | Find out more