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Showing 121 - 130 of 914 results for "Premiums"

AMP sued over corporate super misconduct

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
... announced in May in which ASIC alleges several AMP companies continued to charge financial advice fees and life insurance premiums to more than 2000 customers after they had passed away. AMP did have some reprieve earlier this month however, with the ...

Lying rife in life insurance applications

ANNABELLE DICKSON  |  FRIDAY, 9 JUL 2021
... job (8%), alcohol consumption (7%), a pre-existing condition (6%) and hobbies such as extreme sports (4%). "Insurance premiums are based on the risk you represent. If you've previously lied about your circumstances when filling out your insurance application ...

BT Super for Life ups insurance premiums

KANIKA SOOD  |  TUESDAY, 6 JUL 2021
... BT last year switched from BT Life Insurance to AIA as the group insurer for its superannuation products. "Insurance premiums are regularly reviewed by our Insurer, taking into account factors such as the number and payment of claims to our members ...

Life insurance drives economy: Research

ANNABELLE DICKSON  |  TUESDAY, 6 JUL 2021
... risk inflows remain stagnant with total flows increasing by 0.5% and a 0.9% increase in inflows to individual lump sum premiums. "It is imperative we continue to build awareness of the advantages of life insurance, not just to the individual consumer ...

Westpac sells NZ life business

JAMIE WILLIAMSON  |  TUESDAY, 6 JUL 2021
... will add about 7bps to Westpac's common equity tier 1 capital ratio. As at March 31, the business had annual inforce premiums of NZ$149 million. Westpac chief executive Peter King said it's the latest step in building a simpler bank. "Life insurance ...

Stonehouse acquires risk advice firm

KARREN VERGARA  |  MONDAY, 28 JUN 2021
... reduction in commissions has forced many out of the industry. On 1 January 2020, upfront commissions locked in at 60% of the premiums for the first year, while trailing commissions were capped at 20% thereafter. North City Group specialist risk adviser ...

Court orders new group definition in CBA advice class action

KANIKA SOOD  |  WEDNESDAY, 23 JUN 2021
... insurance policies through former CBA subsidiary Commonwealth Mutual Life Assurance (now owned by AIA), when cheaper premiums for similar policies were available. The group wants to be paid the losses they incurred as a result of the higher CMLA premiums ...

Your Future, Your Super passes

ELIZABETH MCARTHUR  |  THURSDAY, 17 JUN 2021
... insurance cover has not been tailored to their new job," Cbus chief executive Justin Arter said. "Despite paying insurance premiums, stapled members in heavy blue-collar occupations or people working at heights may not be covered. Members and their families ...

Cost of group insurance declines

KARREN VERGARA  |  TUESDAY, 8 JUN 2021
... Despite the spate of superannuation funds increasing the cost of cover, new Rainmaker analysis shows group insurance premiums fell by 7% to a four-year low of $8.7 billion. The research, conducted over 10 years, also revealed that not-for-profit (NFP) ...

Concern for consumers ahead of YFYS

ELIZABETH MCARTHUR  |  MONDAY, 7 JUN 2021
... industry meaning a person who moves into a different role could be ineligible to claim against their own policy after paying premiums if they are injured or ill while working in that role." Snowden said consumers must give serious consideration to their ...