The Federal Government expects superannuation funds to determine which of their members will be eligible for the “dangerous occupations” occupations carve-out impacting new insurance inside superannuation legislation.
Actuarial research house, Rice Warner has countered the claims of the Grattan Institute around the validity of increasing the superannuation guarantee.
The Australian Institute of Superannuation Trustees has claimed the financial services regulators will be ‘hamstrung’ in applying proposed new design and distribution rules to choice superannuation products.
A supplementary paper produced by the Productivity Commission has questioned industry analysis suggesting insurance within superannuation helps reduce pressure on Government coffers.
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