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

Search Results

Showing 111 - 120 of 2418 results for "Claims"

Super Fierce goes into liquidation

KARREN VERGARA  |  WEDNESDAY, 25 JUN 2025
... on June 16. Mohammad Mirzan Bin Mansoor was named as the liquidator. On its website, which is still live, Super Fierce claims to have helped members save $300 million in superannuation fees. About $22,000 has also been donated to Australian women in ...

Group insurance premiums paid by super funds up 7%

ANDREW MCKEAN  |  TUESDAY, 24 JUN 2025
... 7% in 2023-24, taking total premiums up to $9.5 billion, according to Rainmaker Information. Meanwhile, group insurance claims paid rose 16% in 2023-24 to a record $5.8 billion, surpassing the previous high of $5 billion paid out in 2022-23. Rainmaker ...

ART makes sweeping changes to corporate super plans

ELIZA BAVIN  |  MONDAY, 23 JUN 2025
... from July 1. Death, TPD and income protection premium rates will be changing for all members, with ART pointing to poor claims experiences for members. "While the plan has delivered value to members in need, the change in premium has been predominately ...

Small industry super funds beat giants on trust, service, value

ANDREW MCKEAN  |  WEDNESDAY, 18 JUN 2025
... for allegedly failing to act honestly and fairly in handling death benefit and total and permanent disability insurance claims, and AustralianSuper, for similar issues, clearly illustrate this. "The journey between small funds and their members is a ...

TAL partners to expand access to affordable insurance

MATTHEW WAI  |  MONDAY, 16 JUN 2025
... illness protection through their payroll platforms via streamlined online registration with no underwriting and 100% digital claims processing. It comes as Cover Genius estimates one million Australians are underinsured for death and total and permanent ...

ASIC reads the riot act to the super industry: Longo

ANDREW MCKEAN  |  FRIDAY, 13 JUN 2025
... example, our death benefits review found that even the fastest trustees processed less than half (48%) of their death benefit claims within three months. The slowest processed only 8% in that time," Longo said. "No matter how you look at it, that's a ...

Super tax requires a 'holistic' review: ASA

MATTHEW WAI  |  FRIDAY, 13 JUN 2025
... be personally impacted, while the financial burden falls on others," Waterhouse argued. However, Treasurer Jim Chalmers claims there will be no exemptions. Regardless, Waterhouse is urging a comprehensive review to eliminate taxing unrealised gains and ...

HESTA turns the lights back on after service shutdown

ANDREW MCKEAN  |  WEDNESDAY, 4 JUN 2025
... Members logging in can now view updated balances and update their personal details. They can also manage insurance cover and claims and switch investment options. However, although online services have resumed, HESTA advised that processing times for ...

ASIC alleges Choosi flogged Hannover life insurance products

KARREN VERGARA  |  TUESDAY, 3 JUN 2025
... to customers and instead flogging products solely from Hannover Life Re. From at least 1 July 2019 and to this day, ASIC claims Choosi only compared policies issued by Hannover Life Re despite promising it assesses a range of options. "In reality, the ...

AMP launches superannuation feature to boost retirement income

ANDREW MCKEAN  |  MONDAY, 2 JUN 2025
AMP has launched AMP Super Lifetime; a superannuation feature it claims could lift members' retirement incomes by over $100,000 in the first decade post-work. AMP Super Lifetime runs automatically in the background of a member's super account, creating ...