Written by Christopher Hall, AdvDipFP | Authorised Representative, AFSL 526688 | June 2021 Between 2012 and 2016, insurance premiums reduced, and insurers’ bottom lines plummeted. After recent regulatory changes to save the insurance industry, insurance premiums have increased dramatically and often, and trustees have struggled to get quotes from insurers unwilling to compete for tenders. APRA* is concerned about the effect these changes are having on members’ experience and

Written by Christopher Hall, AdvDipFP | Authorised Representative, AFSL 526688 | June 2021 $9.7billion Superannuation fund Statewide Super, is being charged by the Federal Court after ASIC* discovered major discrepancies in their administration. An administration change was not executed correctly, resulting in insurance data and regulations not being migrated into their new system accurately. Members were sent statements and warning letters about invoices, despite not actuall