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Showing 101 - 110 of 492 results for "Group insurance"

Statewide not contesting ASIC allegations

KANIKA SOOD  |  MONDAY, 10 MAY 2021
... $10.8 billion industry fund will not contest ASIC's March allegations against the fund regarding administration of group insurance policies. O n March 4, the corporate regulator commenced civil penalty proceedings against Statewide alleging it had been ...

Defined benefit fund in SFT

ELIZABETH MCARTHUR  |  FRIDAY, 23 APR 2021
... was deemed to be in the best interests of members. The insurer of the fund will change. Currently, TAL provides group insurance for FMIC. In the new plan, insurance will be provided through AIA Australia. Members were assured that there would be no changes ...

Spirit Super drops fees after merger

KANIKA SOOD  |  THURSDAY, 1 APR 2021
... product from lifecycle to single-strategy, and both funds raised their insurance premiums. MTAA increased its group insurance premiums twice; and Tasplan increased its income protection premiums in September 2020 by 7% ahead of the merger. MTAA attributed ...

Rice Warner acquired by Deloitte

KANIKA SOOD  |  THURSDAY, 1 APR 2021
... facilitated numerous successful fund mergers, and are a versatile business with strengths in areas as diverse as group insurance, financial advice and retirement. I am proud of what we have all achieved, and am pleased that the team will stay together ...

Rainmaker reveals 2021 AAA super products

JAMIE WILLIAMSON  |  TUESDAY, 23 MAR 2021
... insurance, communications and more. Funds are benchmarked against 3500 investment choices, 2000 fee options and 15,000 group insurance choices. The ratings also now consider risk-adjusted performance in the main default investment choices. This year ...

AustralianSuper introduces insurance changes

KARREN VERGARA  |  WEDNESDAY, 17 MAR 2021
... will become White Collar. The Professional work rating will not change. The prudential regulator is slamming the group insurance sector for delivering poor member outcomes off the back of a hoard of super funds - Living Super, HESTA, MTAA Super and LUCRF ...

APRA calls out poor group insurance practices

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
The prudential regulator has lambasted the group insurance sector for several practices it deems disagreeable, casting doubt over the future viability of insurance provided via superannuation. APRA recently wrote to superannuation funds and life insurers ...

Colonial First State names head of insurance

JAMIE WILLIAMSON  |  THURSDAY, 4 MAR 2021
The former head of group insurance at Munich Re will now lead Colonial First State's insurance business. Effective this month, Adrian Fortescue has joined Colonial First State in the role. Fortescue joins from Munich Re Australia where he was head of ...

Industry fund ups life insurance premiums

JAMIE WILLIAMSON  |  MONDAY, 1 MAR 2021
Members of a $6.7 billion industry superannuation fund will soon see their group insurance premiums rise. LUCRF Super has informed members the cost of death and total and permanent disability, and death only cover as provided by OnePath will go up on ...

MTAA Super increases premiums amid merger

ELIZABETH MCARTHUR  |  THURSDAY, 18 FEB 2021
... is due to the removal of age cross subsidisation within MTAA Super," the spokesperson said. Historically within group insurance, cross subsidisation has been used to ensure insurance cover was cost effective across all members of the fund. In recent ...