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Showing 111 - 120 of 994 results for "Premiums"

Aware Super details new term deposit option

JAMIE WILLIAMSON  |  MONDAY, 31 JUL 2023
... Members must maintain the greater of $10,000 or 10% of their account balance invested in another option for fees and premiums to be deducted. In detailing the offering, Aware also outlined the tax benefits, being that interest on term deposits in the ...

Insurance firms defy inflationary shocks

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2023
... banks tinkering with monetary policy and the invasion of Ukraine. Birt said many life policies are written based on step premiums. Despite the current backdrop, step premiums tend to "step up" and increase every year as policyholders age. "So as the ...

ASIC lifts ClearView interim stop order

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
... the products are not suitable for those who already hold sufficient IP or Accidental IP Cover; and are not able to fund premiums over the life of the insurance contract. The two products offer an income replacement ratio of up to 60%. The interim stop ...

Cbus informs members of premium changes

JAMIE WILLIAMSON  |  TUESDAY, 4 JUL 2023
Almost all Cbus members will see their death and TPD premiums drop next month, however most of the fund's older members will pay more. Premiums will rise from August 26, members were told, with the industry fund saying the increase for older members ...

Trustees must do better on account consolidation: ASIC

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... retirement. Following the review, three super trustees have commenced remediation programs aimed at refunding fees and premiums paid on multiple accounts that were not identified. While ASIC did not name the trustees remediating members, last month AustralianSuper ...

TelstraSuper introduces new option, drops premiums

JAMIE WILLIAMSON  |  MONDAY, 26 JUN 2023
TelstraSuper is making changes to its investment menu, while also decreasing income protection premiums for members. The $25 billion corporate fund is introducing a new option for accumulation and TTR members from next month, the Moderate investment ...

Rainmaker MySuper index outdoes S&P ASX 200

ANDREW MCKEAN  |  FRIDAY, 23 JUN 2023
... Retail MySuper Index's -0.9%, achieving an outperformance margin of 1.9 percentage points. Meanwhile, group insurance premiums processed through APRA-regulated funds witnessed an uptick of 4% in 2021-22. Although this pushes the total premiums to ...

Property market peril to continue: Quay Global Investors

CASSANDRA BALDINI  |  FRIDAY, 16 JUN 2023
... discounts to book. "The book values are proving to be okay," he said. "On the other hand, you have companies trading premiums to book like Goodman, where valuations are very expensive, and we're seeing some headwinds in terms of supply, particularly ...

ETP investors struggle to pick winners

ANDREW MCKEAN  |  FRIDAY, 9 JUN 2023
... product and the growth of the product through monthly flows. Australian equities funds that grew the most had the lowest MW premiums. "Investors allocated to products with high historical returns which then disappointed after funds were allocated," the ...

AMP fined $24m for charging deceased customers

KARREN VERGARA  |  FRIDAY, 19 MAY 2023
The Federal Court found AMP guilty of charging deceased customers life insurance premiums and advice fees, ordering it to pay $24 million in penalties. Justice Hespe today determined that four AMP subsidiaries - AMP Life, AMP Financial Planning, AMP ...