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Showing 81 - 90 of 912 results for "Premiums"

APRA suspends IDII work, "disappointed" in industry

ELIZABETH MCARTHUR  |  FRIDAY, 25 MAR 2022
... to address the risk of unsustainable product terms, expressing disappointment that life companies are simply raising premiums to push consumers out of unsustainable legacy products. However, while APRA's work on the issue is suspended it expects life ...

Startup launches risk retention option

KARREN VERGARA  |  TUESDAY, 15 MAR 2022
... alternative option that targets customers who want to cancel their policy. iExtend partners with policyholders by paying the premiums of the co-owned cover. Policyholders are able to maintain their cover and receive benefits albeit at a lower level but ...

Hostplus, Statewide provide merger details

JAMIE WILLIAMSON  |  THURSDAY, 10 MAR 2022
... insurance arrangements, Hostplus will reduce the insurance administration fee it charges to 0.745% of the death and TPD premiums and to nil for income protection. However, Hostplus members will no longer directly receive the tax rebate effect. "Merging ...

AIA appoints risk, transformation roles

KARREN VERGARA  |  TUESDAY, 8 MAR 2022
... fund's membership is currently covered by Hannover Life RE which is due to exit the market this year. Members will see premiums go up from April 1.

Action on super gap slow, small

ELIZABETH MCARTHUR  |  TUESDAY, 8 MAR 2022
... super balances topped up when parents are not earning an income. Other members of the industry have suggested insurance premiums shouldn't be charged in super on parental leave so balances are not eroded. "An incoming government needs to prioritise long-overdue ...

AvSuper names insurer, premiums rise

JAMIE WILLIAMSON  |  MONDAY, 7 MAR 2022
AvSuper has appointed a new group insurer and will increase premiums from next month, as it continues work to identify a merger partner. The $2.5 billion fund has awarded a group insurance mandate to AIA Australia. The fund's membership is currently ...

Super fund cuts fees, appoints insurer

JAMIE WILLIAMSON  |  FRIDAY, 4 MAR 2022
... insurance mandate for the fund. AIA will retain the existing insurance arrangements, with no changes to terms, conditions or premiums for members, AMG Super said. AMG Super has about $1.6 billion in funds under management and about 15,000 members.

EM investors brace for geopolitical impact

KARREN VERGARA  |  FRIDAY, 25 FEB 2022
... has posted double-digit declines in 2022 as investors factor in the risk of sanctions, dividend cuts and higher risk premiums," Franklin Templeton said. Prior to this conflict, the team saw constructive, diversified exposures, particularly in Russia's ...

Cbus, Media Super set merger date

JAMIE WILLIAMSON  |  WEDNESDAY, 23 FEB 2022
... still below the MySuper average of 1.08%, coming in at 0.91%. Meanwhile, most members will see a 2% decrease in insurance premiums. Where a 40-year-old member may have paid $1 a week for $85,294 in death and TPD cover under Media Super's existing ...

Advised clients' major concerns in 2022

KARREN VERGARA  |  FRIDAY, 28 JAN 2022
... advisers - and it is currently the most difficult conversation taking place between them. Life insurers are increasing their premiums across the board and within 12 months or 18 months, push through a second rate increase. Premiums are skyrocketing by ...