Editor's Choice
T. Rowe Price appoints local operations chief
|T. Rowe Price, the global asset manager with over US$1.3 trillion in assets under management, has appointed a regional operating chief who will relocate to Sydney from the London office.
Vanguard backs current performance test
|Vanguard has endorsed the current performance test methodology in a submission to Treasury, championing its effectiveness in eliminating underperforming investment options and improving member outcomes.
Sequoia chair steps down
|The chair of Sequoia Financial Group, John Larsen, has resigned from the position and his replacement has been appointed.
Court approves $16m DASS settlement
|The Federal Court has approved the settlement reached in the $16 million class action brought against Dixon Advisory & Superannuation Services (DASS) following a two-week delay.
Further Reading
Sponsored by | Where do advisers invest their time?The stage 3 tax cuts have sparked discussions on bracket creep. Implementing a tax-effective investment strategy is crucial now more than ever. |
Sponsored by | Quality and Yield. A Powerful combination.With central bank rates seemingly peaked, investors are not awaiting yield increases. We're bucking the trend with investment rates at decadal highs |
Sponsored by | Why it could be a good time to be a growth contrarianGrowth-style companies are in vogue, but you may need to think outside the box to ensure you don't overpay. |
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Featured Profile
Fiona Mann
HEAD OF LISTED EQUITIES AND ESG
BRIGHTER SUPER
BRIGHTER SUPER
Brighter Super head of listed equities and ESG Fiona Mann was shaped by a childhood steeped in military-like discipline and global nomadism. Andrew McKean writes.
This is all very well and good but there is more than just the price when comparing group to the retail offering. Not only is retail cheaper than group but there are huge differences that been not raised in this article such as the following that are very important and can make a huge difference to people and their protection requirements. Some of the differences make the retail contract far superior and amplifies the value for price:
Retail contract is guaranteed renewable
Retail allows for future increase for specific events, birth of a child, mortgage etc without requiring underwriting
Retail allows for flexilinked trauma cover or own occupation TPD cover
Retail allows for income protection to age 70
Retail allows for guaranteed agreed value of income if required
Retail allows for premium freeze
Retail offer TPD own occupation definition, either outside of super or flexilinked
Retail allows for suspending of cover with the need to be underwritten once recommenced again
The list goes on and on so you can't simply say cover is the same as it's clearly not. When you can tailor what's appropriate for clients protection needs along with superior offering that can be obtained via a retail product along with value for money, you can't say all are the same as they are clearly not. There's a massive difference and hence why comparisons need to be done and articulated to clients by providing all the facts via educating them of the differences.