Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 101 - 110 of 916 results for "Premiums"

Risk inflows marginally recover

ANNABELLE DICKSON  |  FRIDAY, 19 NOV 2021
... ClearView (23.7%) and MLC (13.7). The statistics come after the life insurance industry said the increase in life insurance premiums over the last few years are a problem that needs to be fixed rather than a trend. Speaking on a panel at the Association ...

MLC to face court over insurance failures

JAMIE WILLIAMSON  |  FRIDAY, 19 NOV 2021
... $17.5 million in financial harm to more than 260,000 customers. The financial harm came in the way of unpaid benefits, premiums being charged without notice and underpaid refunds. ASIC alleges that from 1999 to November 2020, MLC failed to pay a life ...

AMP in enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... to deal with issues that are currently the matter of Federal Court Action, such as the continued charging of insurance premiums and financial advice fees to deceased members. However, APRA has made several determinations, including that AMP's failure ...

APRA finalises framework for insurance in super

ELIZABETH MCARTHUR  |  FRIDAY, 12 NOV 2021
... members. The other focus of APRA's work is to make it easier opt-out of insurance for super fund members, and to ensure premiums do not unduly erode members' retirement incomes. The changes to the prudential standards will come into effect from 1 July ...

Australia Post Super Scheme cuts premiums by 10%

ELIZABETH MCARTHUR  |  THURSDAY, 4 NOV 2021
Some members of Australia Post Super Scheme (APSS) will enjoy reduced insurance premiums as the fund makes several alterations. The $8 billion APSS informed members that there will be a few changes to investments, strategic asset allocations and group ...

Equip, corporate fund merger complete

JAMIE WILLIAMSON  |  WEDNESDAY, 3 NOV 2021
... Super members are still entitled superannuation contributions of up to 13% and will continue to have their insurance premiums covered by the gas company. The completion of this merger follows that of Equip with Toyota Super in May. The two SFTs were ...

Christian Super enhances insurance offering

JAMIE WILLIAMSON  |  TUESDAY, 19 OCT 2021
Christian Super is reducing insurance premiums for most of its members, saying the offering now better aligns with what is available at other super funds. Premiums will change from November 1 for all occupational categories to better reflect the level ...

Colonial First State seeks MySuper redemption

ANNABELLE DICKSON  |  TUESDAY, 19 OCT 2021
... one year while FCES came third with 26.5% over the same period. Members of FCES and CES will also see reduced insurance premiums from the first quarter in 2022 resulting in $40 million in savings. The wealth manager is also facing penalties over its ...

FSC to ban occupational exclusions

ANNABELLE DICKSON  |  TUESDAY, 12 OCT 2021
... member based on their occupation when joining the fund. "In these circumstances a member will not be charged insurance premiums. The standard will also not apply to individually underwritten life insurance in superannuation," The FSC said. The new standard ...

MLC Life refreshes income protection offering

ANNABELLE DICKSON  |  WEDNESDAY, 29 SEP 2021
... obligations. We believe they offer clients income protection cover that reflects contemporary needs, offering more sustainable premiums, while providing options to cater to specific requirements," MLC Life chief life insurance officer Michael Rogers ...