Insights Sectors: Superannuation & Funds

Feb 14, 2019

INSIGHT: Six axioms emerging from the Hayne report

A preliminary analysis of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. As foreshadowed in our previous Financial Services Insight, which deals with the Interim Report, the period of public hearings has been completed and Commissioner Hayne released the Commission’s Final Report on 4 February 2019. The Final Report includes […]

Dec 18, 2017

INSIGHT: Release of Insurance in Superannuation Voluntary Code of Practice

On 18 December 2017, the Insurance in Superannuation Working Group (ISWG) released the “Insurance in Superannuation Voluntary Code of Practice” (the Code) for superannuation trustees.  The ISWG is comprised of Australia’s superannuation bodies, the Australian Institute of Superannuation Trustees (AIST), the Association of Superannuation Funds of Australia (ASFA) and the Financial Services Council (FSC).  The […]

Oct 5, 2017

INSIGHT: Proposed new Insurance Code of Practice for Superannuation Trustees

On 20 September 2017, the Insurance in Superannuation Working Group (ISWG) released a draft Insurance Code of Practice for Superannuation Trustees (Code). The objective of the proposed Code is to improve the insurance in superannuation offered to fund members and to regulate group insurance in superannuation, particularly its automatic issuance on an opt-out basis. The […]

Aug 19, 2017

INSIGHT: Court’s disdain for disability claim

Justice Pembroke’s decision in Doltic v Hannover Life Re of Australasia Limited in the Supreme Court of New South Wales on 27 July 2017 is interesting not because it creates any new law but because of His Honour’s erudite assessment of the plaintiff’s case. Following a motor accident in 2009, which Justice Pembroke described as […]