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Showing 131 - 140 of 916 results for "Premiums"

Cost of group insurance declines

KARREN VERGARA  |  TUESDAY, 8 JUN 2021
... Despite the spate of superannuation funds increasing the cost of cover, new Rainmaker analysis shows group insurance premiums fell by 7% to a four-year low of $8.7 billion. The research, conducted over 10 years, also revealed that not-for-profit (NFP) ...

Concern for consumers ahead of YFYS

ELIZABETH MCARTHUR  |  MONDAY, 7 JUN 2021
... industry meaning a person who moves into a different role could be ineligible to claim against their own policy after paying premiums if they are injured or ill while working in that role." Snowden said consumers must give serious consideration to their ...

Premiums to increase at ESSSuper

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
The $31 billion government fund has informed members that their life insurance premiums will be increasing. ESSSuper, the government fund for the emergency services based in Melbourne, informed members in its accumulation plan that the cost of death ...

Madison appoints general manager

KARREN VERGARA  |  FRIDAY, 4 JUN 2021
... 2020. At the time, Madison had about 100 advisers with $3 billion in funds under advice and total in-force insurance premiums of $65 million. Johns effectively leads Madison, which was previously former chief executive Annick Donat's responsibility. ...

AMP sued for charging dead clients

JAMIE WILLIAMSON  |  THURSDAY, 27 MAY 2021
ASIC has taken Federal Court action against AMP for allegedly charging more than 2000 deceased clients insurance premiums and financial advice fees after being notified of their death. The action relates to five companies that are or were subsidiaries ...

Life insurers getting into rehab concerning: SCA

KANIKA SOOD  |  TUESDAY, 18 MAY 2021
... In other solutions, Aware Super chief executive Deanne Stewart said better data on members may potentially bring down premiums, while the Design and Distribution Obligations legislation will force superannuation funds to strip their insurance offers ...

Media Super ups fees, premiums

ELIZABETH MCARTHUR  |  THURSDAY, 13 MAY 2021
Media Super is increasing its administration fees and insurance premiums, despite a pending merger with $60 billion industry fund Cbus. Media Super will increase its administration fee from $1.25 to $2 a week, effective from 1 July 2021. It will also ...

TAL fund in SFT

ELIZABETH MCARTHUR  |  TUESDAY, 11 MAY 2021
... in the interests of members to transfer their benefits to the Mercer Super Trust. There will be no impact to insurance premiums. However, fees are likely to reduce for most members. For example, the admin fee in the Australian Shares option will reduce ...

Statewide not contesting ASIC allegations

KANIKA SOOD  |  MONDAY, 10 MAY 2021
... although Statewide became aware of the mischarges in May 2018, it did not notify members, nor did it act to prevent the premiums being charged again. In doing so, ASIC says Statewide breached its obligations as an AFSL holder. It is also accused of breaching ...

Disability income faces reckoning

KARREN VERGARA  |  FRIDAY, 30 APR 2021
... 1990s with lifetime benefits had "disastrous consequences" and many of these policies are still in force charging large premiums. The current chair of Swiss Re Life & Health Australia told insurers to get their act together and provide a solution by ...