YFYS: The impact on insurance in superannuation

by

Ed.

From www.fssuper.com.au: The Your Future, Your Super (YFYS) Act, implemented three years ago, introduced significant changes to Australia’s superannuation system, including a ‘stapling’ mechanism to prevent duplicate accounts and an annual investment performance test for funds.

The Act is expected to impact insurance within superannuation, as highlighted in submissions from the Actuaries Institute to Treasury.

The document summarises the implementation and early observations related to these changes, focusing on their anticipated effects on insurance coverage.

Filed under: Superannuation

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