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Showing 141 - 150 of 492 results for "Group insurance"

Super funds slapped over smoker premiums

ALLY SELBY  |  FRIDAY, 7 AUG 2020
... default settings for insurance coverage is a key component of a trustee's responsibilities in relation to group insurance, she said. "Trustees should ensure that members are not disadvantaged due to disengagement or inertia," Press said. "I strongly ...

Insurers COVID-19 response slammed

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JUL 2020
... "shunted" into a form of limited insurance coverage. These consumers that find themselves with limited cover in group insurance policies and being assessed against ADLs are likely to be paying the same premiums as their full time, permanently employed ...

Life insurance needs to prove value

ANNABELLE DICKSON  |  WEDNESDAY, 29 JUL 2020
... needs to focus on creating awareness for its members as it is faced with negative sentiment, specifically around group insurance, the FSC Life Insurance Summit has heard. KPMG, on behalf of the Financial Services Council (FSC), revealed there was more ...

Hume calls out ERS fake news

ELIZABETH MCARTHUR  |  MONDAY, 27 JUL 2020
... handing a 16-year-old the car keys and a slab of beer," she said. She added that she particularly wants to see the group insurance sector innovate to make sure consumers are getting value from the policies they pay for out of their retirement savings. ...

Research slams ADL definition

ELIZABETH MCARTHUR  |  MONDAY, 13 JUL 2020
... 94% of people who were already unemployed when making a claim had to meet the ADL definitions. In the sample of group insurance policies looked at by Super Consumers Australia, 56% included terms that require unemployed people to claim under a restrictive ...

BT un-aligns group insurance, awards mandate

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 JUL 2020
Westpac's BT super has awarded a group insurance mandate, switching members away from Westpac Life Insurance Services. AIA Australia has been appointed as the new group insurer, with the change coming into effect from 1 July 2020. The change will impact ...

Life insurance activity rises: MetLife

ELIZA BAVIN  |  TUESDAY, 9 JUN 2020
... Additionally, more than half (52%) are keen to receive information regarding life insurance inside their super. Head of group insurance at MetLife Australia James Carey said the spike in interest in super and insurance was understandable, given the ongoing ...

FSC calls for SMSF access to infrastructure

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
... $644 million each year and erode superannuation savings by $235 million each year through their application to group insurance policies," the FSC said. It also recommended aligning the company tax rate to 25% for all companies. The FSC said the cut in ...

Risk advisers under fire

ELIZABETH MCARTHUR  |  THURSDAY, 23 APR 2020
... insurance policies recommended by financial advisers. "This report has some very compelling data that makes clear that group insurance through super remains a crucial product that delivers significantly greater value for consumers than other policies ...

COVID-19 to push life premiums up: Rice Warner

HARRISON WORLEY  |  WEDNESDAY, 8 APR 2020
... already underway to the range of products offered in the local market, including higher premiums across retail and group insurance offerings. According to the firm, the COVID-19 pandemic is raising many questions of life insurers, including how it covers ...