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Showing 91 - 100 of 994 results for "Premiums"

Qantas Super reduces premiums again

KARREN VERGARA | TUESDAY, 23 JAN 2024

Qantas Super has again reduced its insurance premiums six months after it made a round of cuts. On January 1, Qantas Super premiums for income protection reduced by 13%, while rates for default and voluntary death and total and permanent disablement ...

AMP names new group insurer

KARREN VERGARA | MONDAY, 22 JAN 2024

... player in the group insurance sector in Australia. TAL has a 40.4% market share that insures 3.9 million lives with annual premiums totalling $830 million. The sum insured under TAL policies is $843 billion. It is followed by AIA with a 29.5% market ...

ASIC, APRA slam premium hikes

KARREN VERGARA | FRIDAY, 15 DEC 2023

Life insurers are underhandedly hiking premiums in a way that is misleading and fails to explain why they are rising, according to APRA and ASIC, warning that they will take regulatory action if practices do not improve. The regulators have reprimanded ...

Insignia, WT Financial complete Millennium3 transfer

JAMIE WILLIAMSON | MONDAY, 11 DEC 2023

... It also grows WT Financial Group's funds under advice by $5 billion, while adding about $150 million of in-force risk premiums. Millennium3 chief executive Helen Blackford has also transferred to WT Financial Group, where she will assist in overseeing ...

ASIC investigates iExtend over possible unlicensed conduct

CHLOE WALKER | THURSDAY, 23 NOV 2023

... section 911A of the Corporations Act. ASIC said it was also concerned iExtend had been offering to pay life insurance premiums for individuals in exchange for a share of the benefit if a claim was made. To do so, iExtend acquired interests in life insurance ...

Australian Unity sells advice arm to Fortnum, Nestworth

ANDREW MCKEAN | TUESDAY, 14 NOV 2023

... approximately 60,000 Australians. It will manage over $40 billion in funds under advice, $200 million in life insurance premiums, and leverage a network of 400 advisers across Australia. Australian Unity wealth and capital markets chief executive Esther ...

Legalsuper hits members with increased fees

ANDREW MCKEAN | MONDAY, 6 NOV 2023

... an additional 2% cut in 2021. Meanwhile, starting 1 January 2024, legalsuper will no longer apply a 15% tax rebate on premiums for members with insurance in their superannuation account. The rebate amount will now be directed to the fund to cover account ...

Life insurance complaints drop 24%

KARREN VERGARA | WEDNESDAY, 25 OCT 2023

... accounting for 19% of the total. Delays in claims handling complaints stood at 13%, while complaints about incorrect premiums made up 11%. Many complainants concurred that insurers' service quality has deteriorated in the last year, decreasing by 31%. ...

Life insurance industry profits double, premiums rise: KPMG

ANDREW MCKEAN | TUESDAY, 17 OCT 2023

... with $1.4 billion, while Swiss Re stood out as the top-earning reinsurer, generating $825 million. Meanwhile, direct premiums rose by 4.1% to $17.9 billion in FY23, fuelled by inflation and market-wide pricing adjustments, some of which were age-related ...

ASIC bans former risk adviser

CASSANDRA BALDINI | THURSDAY, 5 OCT 2023

... Durant has been banned by the regulator for three years after he was found to have told clients to deposit insurance premiums directly into his personal account. Durant is prohibited from providing financial services, controlling an entity that carries ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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