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Showing 151 - 160 of 492 results for "Group insurance"

Super fighting a war on three fronts: KPMG

HARRISON WORLEY  |  THURSDAY, 2 APR 2020
... in super as the third major issue facing the sector, referencing the issues posed by pandemic exclusions within group insurance policies which have recently caused a stir. The firm said funds need to review and update their insurance offerings to ensure ...

How PYS changes caused 34% premium hikes

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
Significant hikes in group insurance premiums have been put down to the Protecting Your Super reforms - with members of four superannuation funds facing premium increases of 34%. Members of Crescent Wealth Super, Members of Defence Bank, Bankfirst and ...

Statewide revises down investment objectives, ups fees

ELIZABETH MCARTHUR  |  TUESDAY, 31 MAR 2020
... Death only premiums will reduce by 22.7%, death and TPD by 2.6% and income protection by 1.1%. Statewide's group insurance is provided by MetLife. "A number of months ago, based on the increasing costs associated­­­ with service delivery within ...

Group premiums rise 34%

ELIZA BAVIN  |  WEDNESDAY, 4 MAR 2020
... Bank Super said TAL advised that the legislative changes have "created pricing pressure for insurers who provide group insurance to super funds". "As a result, the fund's insurer, TAL Life Limited has reviewed the insurance premiums that members pay," ...

TAL loses super fund mandate

JAMIE WILLIAMSON  |  MONDAY, 2 MAR 2020
TAL has lost a group insurance mandate following a comprehensive review by the super fund's trustee. Members of Freedom of Choice, an offering under the AMG Super umbrella, have been notified that TAL will no longer provide their group insurance ...

Industry fund bumps up premiums

JAMIE WILLIAMSON  |  FRIDAY, 14 FEB 2020
... dividends to shareholders. This means you only pay for what it costs us to provide you with insurance." VicSuper's group insurance is provided by MetLife. In terms of improvements to cover, from April 1 members with income protection cover will be eligible ...

HESTA hikes default insurance cover

KANIKA SOOD  |  THURSDAY, 13 FEB 2020
... have through their super may be the only personal insurance cover they have," the spokesperson said. HESTA's group insurance is provided by AIA Australia. TPD, which is not a part of the standard cover at HESTA, has remained unchanged after the review. ...

Former CBA, MLC executive joins reinsurer

HARRISON WORLEY  |  THURSDAY, 6 FEB 2020
... president of business development, based in Toronto, Canada. Before relocating Gilling served as acting head of group insurance at MLC, and is a former CommInsure chief pricing officer, life. He has also previously held roles with Swiss Reinsurance and ...

AustralianSuper ups admin fees

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JAN 2020
... were 10 years ago." The last time AustralianSuper increased costs was in April 2019 when the premiums for its group insurance went up, also on account of the PYS reforms.

Future of life insurance in doubt: APRA

ELIZABETH MCARTHUR  |  FRIDAY, 17 JAN 2020
... 2019. "The impact of these changes will involve a reduction in premium income to life insurers who operate in the group insurance in superannuation market," APRA acknowledged. The regulator made it very clear that individual disability income insurance ...