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Showing 1231 - 1240 of 4071 results for "PAI"

Tasplan raises IP premiums

KANIKA SOOD  |  TUESDAY, 15 SEP 2020
The cost of income protection cover via Tasplan will go up by 7.3% at the end of September. Tasplan attributed the increase to the trio of recent legislative reforms, current economic environment and increase in insurance benefits being paid to members. ...

Former analyst gets three year sentence

KANIKA SOOD  |  MONDAY, 14 SEP 2020
A former investment analyst from Maple-Brown Abbott was sentenced to three years' imprisonment, after pleading guilty to insider trading in Big Un shares. Michael Ming Jinn Ho will serve the three years via an intensive correction order (aka a sentence ...

Legalsuper appoints executive, increases premiums

JAMIE WILLIAMSON  |  MONDAY, 14 SEP 2020
The $4 billion industry super fund has welcomed a new executive manager of member experience formerly of Cbus. It comes as the fund prepares to also increase insurance premiums for its almost 40,000-strong membership. Carrie Norman has joined legalsuper ...

ERS applications flat line

ELIZA BAVIN  |  MONDAY, 14 SEP 2020
There appears to be an end in sight for the withdrawal of Australian's retirement savings, with the latest APRA figures showing the amount of applications has flat lined at around three million. Over the week to September 6, only 49,000 applications ...

NAB fined over fees for no service

ANNABELLE DICKSON  |  MONDAY, 14 SEP 2020
The Federal Court of Australia has fined National Australia Bank $57.5 million over deceptive and misleading conduct. The proceedings commenced in 2018 and were initially brought by ASIC against NAB units NULIS and MLC Nominees for the charging of plan ...

Super fund boss remuneration on the agenda

KARREN VERGARA, ELIZABETH MCARTHUR  |  FRIDAY, 11 SEP 2020
Two major superannuation funds are reviewing their remuneration structures as a result of COVID-19, which will potentially see many executive pay reduce, a public hearing found. Hostplus chief executive David Elia appeared before the House of Representatives ...

MS sufferer fights CommInsure definition

ELIZABETH MCARTHUR  |  FRIDAY, 11 SEP 2020
A woman who has multiple sclerosis (MS) is fighting to have CommInsure recognise her condition, calling into question the various definitions life insurers use. ClaimRight founder William Johns was assisting a client with MS in accessing the insurance ...

Increased SG equals increased fees: Research

ELIZA BAVIN  |  FRIDAY, 11 SEP 2020
New research from the University of Sydney suggests that raising the superannuation guarantee to 12% will send fees through the roof. The study conducted by Cameron Murray, economist and research fellow at the University of Sydney, found that increasing ...

Former QSuper chief joins NZ Super Fund board

KANIKA SOOD  |  TUESDAY, 8 SEP 2020
The former QSuper chief and the current chair of Commonwealth Bank's staff superannuation fund has been appointed to the board of the $44 billion NZ Super Fund for a five-year term. Rosemary Vilgan will join the board of guardians for NZ Superannuation ...

Adviser demands answers from Media Super

ELIZABETH MCARTHUR  |  TUESDAY, 8 SEP 2020
A financial adviser has publicly called on the chief executive of Media Super to explain why a total and permanent disability claim for a very vulnerable client has been indefinitely delayed. ClaimRight founder and Financial Planning Association of ...