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Showing 1011 - 1020 of 2291 results for "Premium"

Group insurance premium arrangements unclear: ISWG

KARREN VERGARA  |  MONDAY, 4 SEP 2017
The lack of understanding and poor transparency around premium adjustment mechanisms have emerged as major concerns in the latest Insurance in Superannuation Working Group discussion paper. Greater disclosure on premium adjustment mechanisms should ...

ANZ revamps life insurance offering

KARREN VERGARA  |  FRIDAY, 25 AUG 2017
ANZ's OneCare is enhancing its insurance offering with the introduction of a tiered benefit structure and by helping customers return to work quicker. Income Secure Essentials and Severity Trauma, which are a part of the OneCare range of life products ...

Improved distribution strengthens ClearView result

DARREN SNYDER  |  FRIDAY, 25 AUG 2017
ClearView leveraged its life insurance business and financial adviser relationships to expand its wealth management division in FY17, recording a 17% increase in funds under management. The wealth division now has $2.5 billion FUM with double-digit ...

Freedom Insurance flags acquisition

KARREN VERGARA  |  THURSDAY, 24 AUG 2017
... insurance. Customer numbers reached 289,000, up 66% year-on-year, while the in-force business now exceeds $100 million in premium. Indirect policy sales which include third-party brokers and advisers associated with the group's Spectrum Wealth Advisers ...

ASIC and CBA discussing potential advice problem

EMMA RAPAPORT  |  TUESDAY, 15 AUG 2017
... 2016, CBA identified that some customers who had purchased Home Loan Protection insurance had been charged an incorrect premium amount or had incurred premium charges before the home loan was drawn down. So far CBA has refunded approximately 9600 customers ...

CBA chief executive will stand down

EMMA RAPAPORT  |  MONDAY, 14 AUG 2017
Embattled Commonwealth Bank chief executive Ian Narev will retire from the bank by the end of the 2018 financial year, board chair Catherine Livingstone has announced. The decision, said to have been made by the board in conjunction with Narev, will ...

ANZ foots compensation bill

KARREN VERGARA  |  FRIDAY, 11 AUG 2017
... up to 12 months. Another was failing to take action on 21,000 cheques for insurance claims proceeds, super benefits and premium refunds sent to customers that were not banked within a 15-month timeframe. ASIC said its independent review of OnePath's ...

Magellan scores major consumer partnership

ALEX BURKE  |  TUESDAY, 8 AUG 2017
... with Magellan and supporting its growth objectives." Magellan chief executive Hamish Douglass added: "Test cricket is the premium form of the game and its attributes of patience, skill and dedication to excellence are aligned with Magellan's approach ...

AIA announces pricing changes

KARREN VERGARA  |  MONDAY, 7 AUG 2017
... age of 35, and 9% for 35-years-old and under (based on non-smokers). Priority Protection products have a range of level premium options based on the 'true level' concept that use the policyholder's entry age rather than the age at their next birthday ...

Industry fund reduces insurance premiums

KARREN VERGARA  |  THURSDAY, 3 AUG 2017
An industry super fund with $2.1 billion in assets under management is reducing its premiums on its income protection policy. Intrust Super's PayGuard policy premiums will reduce as much as 12% effective 1 October 2017. Intrust Super chief executive ...