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

Search Results

Showing 91 - 100 of 380 results for "Insurance premiums"

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 ...

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) ...

Premiums to increase at ESSSuper

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
The $31 billion government fund has informed members that their life insurance premiums will be increasing. ESSSuper, the government fund for the emergency services based in Melbourne, informed members in its accumulation plan that the cost of death ...

Madison appoints general manager

KARREN VERGARA  |  FRIDAY, 4 JUN 2021
... 2020. At the time, Madison had about 100 advisers with $3 billion in funds under advice and total in-force insurance premiums of $65 million. Johns effectively leads Madison, which was previously former chief executive Annick Donat's responsibility. ...

AMP sued for charging dead clients

JAMIE WILLIAMSON  |  THURSDAY, 27 MAY 2021
ASIC has taken Federal Court action against AMP for allegedly charging more than 2000 deceased clients insurance premiums and financial advice fees after being notified of their death. The action relates to five companies that are or were subsidiaries ...

Media Super ups fees, premiums

ELIZABETH MCARTHUR  |  THURSDAY, 13 MAY 2021
Media Super is increasing its administration fees and insurance premiums, despite a pending merger with $60 billion industry fund Cbus. Media Super will increase its administration fee from $1.25 to $2 a week, effective from 1 July 2021. It will also ...

TAL fund in SFT

ELIZABETH MCARTHUR  |  TUESDAY, 11 MAY 2021
... in the interests of members to transfer their benefits to the Mercer Super Trust. There will be no impact to insurance premiums. However, fees are likely to reduce for most members. For example, the admin fee in the Australian Shares option will reduce ...

Statewide not contesting ASIC allegations

KANIKA SOOD  |  MONDAY, 10 MAY 2021
... when they did not have cover under a Statewide insurance policy. The regulator also alleged the fund deducted insurance premiums to the tune of $1.5 million from the super accounts of 1300 members who did not hold cover. ASIC's proceedings sought declarations ...