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Showing 1 - 10 of 31 results for "Income protection premiums"

Rest faces class action over IP premiums

CHLOE WALKER  |  MONDAY, 19 FEB 2024
Shine Lawyers filed a class action on behalf of Rest members who may have had income protection premiums wrongfully deducted from their superannuation accounts. The class action alleges that from December 2008 to June 2019, Rest automatically enrolled ...

Spirit Super introduces insurance admin fee

JAMIE WILLIAMSON  |  MONDAY, 11 SEP 2023
... MetLife to drop some premiums by 25%. Fees for death and TPD went down by between 14.2% and 24.8%, while income protection premiums reduced by 7.7%. At the time, Spirit Super chief executive Jason Murray said he was delighted to be reducing premiums ...

TelstraSuper introduces new option, drops premiums

JAMIE WILLIAMSON  |  MONDAY, 26 JUN 2023
TelstraSuper is making changes to its investment menu, while also decreasing income protection premiums for members. The $25 billion corporate fund is introducing a new option for accumulation and TTR members from next month, the Moderate investment ...

NGS Super increases death, TPD premiums

JAMIE WILLIAMSON  |  THURSDAY, 6 OCT 2022
... TPD cover will see their premiums rise from $0.35 a week to $0.38. The fund is also making changes to income protection premiums, with decreases occurring as a result of reducing the benefit period from five to two years. "The increase in insurance costs ...

Media Super ups fees, premiums

ELIZABETH MCARTHUR  |  THURSDAY, 13 MAY 2021
... at reducing costs. Meanwhile, the fund is also increasing death, total and permanent disability and income protection premiums from July 1. In December 2020, Media Super had already increased income protection premiums. From July, income protection in ...

Spirit Super drops fees after merger

KANIKA SOOD  |  THURSDAY, 1 APR 2021
... their insurance premiums. MTAA increased its group insurance premiums twice; and Tasplan increased its income protection premiums in September 2020 by 7% ahead of the merger. MTAA attributed its February 2021 premium hike to COVID-19 and government reforms ...

LGIAsuper overhauls insurance, closes product

ELIZA BAVIN  |  MONDAY, 22 MAR 2021
... professional weekly per unit. LGIA will also remove the insurance fee of 1% charges on all death, TPD and income protection premiums from 1 May 2021. Additionally, the industry fund said it will close its MySuper Lifecycle investment option and instead ...

MTAA Super increases premiums amid merger

ELIZABETH MCARTHUR  |  THURSDAY, 18 FEB 2021
... (up or down) will be occurring at different ages," the spokesperson said. There are also changes to income protection premiums for MTAA members. From 1 April 2021, income protection costs will be calculated as an annual cost per $100 of Spirit Super ...

MTAA, Tasplan reveal new brand

KANIKA SOOD  |  MONDAY, 18 JAN 2021
... reasons. MTAA Super runs its default superannuation product as single strategy. T asplan raised its income protection premiums by 7.3% as at end of September 2020. MTAA also increased its death and TPD premiums in February 2020, attributing it to Putting ...

Retail fund ups premiums

ELIZABETH MCARTHUR  |  TUESDAY, 15 DEC 2020
... increase premiums on income protection policies from 2021. Living Super, ING's super offering, will up income protection premiums by 23% from 8 January 2021. "Our focus is to provide a great value product with competitive features. By implementing these ...
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