Insurance default settings and positive member engagement
A fund’s default insurance settings serve as a critical point of differentiation and have a meaningful influence on member retention rates.
A fund’s default insurance settings serve as a critical point of differentiation and have a meaningful influence on member retention rates.
APRA recently released its Policy Priorities and Supervision Priorities for 2023. Read the PFS Risk Consulting team’s essential guide to what your financial institution needs to know:
PFS Principal, Sean Williamson, recently produced a thought-provoking article about Operational Risk inherent in Insurance in Superannuation.
PFS Consulting (PFS) continues to expand its actuarial, risk and regulatory expertise and services to support new and existing clients.
PFS Consulting would like to thank Principal Ian Laughlin and his team at the Actuaries Institute’s Disability Insurance Taskforce for all their great work in preparing this document.
The Aged Care Royal Commission is currently considering how aged care should be funded. During September 2020, Paul Keating put forward some interesting ideas about the role of the family home in financing aged care, which we think warrant further consideration.
Changes are coming for superannuation funds. In December, the Australian Prudential Regulation Authority (APRA) proposed adjustments to the way funds implement business objectives, measure their outcomes and make significant expenditure.