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Showing 121 - 130 of 994 results for "Premiums"

Adviser PI premiums up 40%: APRA

JAMIE WILLIAMSON | THURSDAY, 11 MAY 2023

... indemnity insurance in Australia, the regulator found that between 2015 and 2021 professional indemnity gross written premiums grew by 75%. This is comprised of a 27% average increase in premiums and a 38% increase in risk counts. While increases differed ...

Australian Retirement Trust reduces fees, ups premiums

JAMIE WILLIAMSON | TUESDAY, 9 MAY 2023

... options, including most indexed offerings. However, any savings will be offset by substantial increases in insurance premiums. The fund notified members that, from July 1, the cost of its various investment options will change, with the bulk seeing a ...

TAL, AIA dominate group life market

ANDREW MCKEAN | WEDNESDAY, 19 APR 2023

... Australia. TAL leads the life insurance market, boasting a 40.4% market share, insuring 3.9 million lives with annual premiums totalling $830 million. The sum insured under TAL policies is $843 billion. AIA boasts a 29.5% market share, providing life ...

AIA launches retail rewards program

KARREN VERGARA | TUESDAY, 18 APR 2023

... part of AIA Vitality to be eligible for the incentive. Eligible customers will be rewarded a 2.5% discount on lump sum premiums for the life of the policy and a discount of up to 17% on some bundled products. Healthier Life Reward forms part of AIA's ...

AustralianSuper to decrease premiums

JAMIE WILLIAMSON | MONDAY, 27 MAR 2023

... protection cover, those with a benefit payment period of up to two years and a 60-day waiting period will see their weekly premiums drop by 12%, on average. However, most members with a benefit payment period of up to two years and a 30-day waiting period ...

BT to wind up Retirement Wrap

JAMIE WILLIAMSON | FRIDAY, 24 MAR 2023

... added. Asgard Independence Plan Division Two was the subject of Federal Court proceedings brought by ASIC over insurance premiums that were charged to close to 10,000 members, through to 2020. The issue was the premiums included commissions which were ...

Virgin Money Super ups premiums

JAMIE WILLIAMSON | WEDNESDAY, 22 MAR 2023

Virgin Money Super is increasing insurance premiums on death and TPD cover from April 22. Members have been notified that premium rates per week, per unit of death only cover will increase from $0.41 to $0.55. For death and TPD will increase from $0.67 ...

New relief for reissued life policies

KARREN VERGARA | MONDAY, 20 MAR 2023

... issued before 5 October 2021. Insurers also reissue policies to reinstate a policy that has lapsed for the non-payment of premiums (a common and standard industry practice) or to fix administrative errors. ASIC said the relief will reduce the regulatory ...

ASIC bans Queensland adviser

ANDREW MCKEAN | WEDNESDAY, 15 MAR 2023

... comparison tables that were false or misleading. He understated the potential insurance costs despite knowing the insurance premiums would likely be higher once insurance advice was provided. Allen was self-licensed under Global Pacific Solutions Group ...

Rising interest rates tank life insurer performance

KARREN VERGARA | WEDNESDAY, 15 MAR 2023

... individual risk income increased 5% year on year to $3.2 billion. Any additional revenue life insurers earn from investing premiums in fixed interest have been wiped out as a result of rising interest rates. According to ARPA, the industry made a loss ...

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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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