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Showing 151 - 160 of 994 results for "Premiums"

TWUSUPER adds fee to combat cross subsidisation

JAMIE WILLIAMSON  |  TUESDAY, 5 JUL 2022
... those without insurance. From August 1, TWUSUPER members with insurance cover will be charged 3% of their gross insurance premiums each month as a separate fee. The aim is to address the cross-subsidisation that currently occurs as all members of the ...

MLC Life enhances income product range

ANDREW MCKEAN  |  WEDNESDAY, 29 JUN 2022
... goal is to ensure our customers have income protection cover that reflects contemporary needs, offering more sustainable premiums while providing options to cater to specific requirements. We will continue to make enhancements over time." Income Assure ...

Life Code update expands consumer protections

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JUN 2022
... to selling, to reduce instances of possible pressure selling, the Code places a ban on using cooling off or deferred premiums and a ban on refusing a quote. It is also tying salespeople's remuneration to good customer outcomes to ensure they're not incentivised ...

Retirees doing it tough: ASFA

CHLOE WALKER  |  THURSDAY, 2 JUN 2022
... health costs, with a modest couple having to budget at least $102.27 for healthcare costs weekly. Private health insurance premiums rose on average by 2.7 % from 1 April with some major insurers increasing premiums by more than 3%. Other items that increased ...

Industry groups welcome Labor government

ANDREW MCKEAN  |  MONDAY, 23 MAY 2022
... weather. The Labor and Insurance Council policies were also in accordance with putting downward pressure on insurance premiums. The ICA's proposed $2 billion, five-year investment is projected to reduce financial costs to Australian governments and ...

Cbus announces changes to admin fees, premiums

JAMIE WILLIAMSON  |  WEDNESDAY, 11 MAY 2022
... to invest in the Fund's internal capabilities." However, at the same time, some Cbus members will see their insurance premiums go up from July. Cbus has said that while premiums on death and TPD will reduce for most younger members, members aged 35 and ...

75% of Aussies don't understand group cover: MLC Life

JAMIE WILLIAMSON  |  THURSDAY, 28 APR 2022
... they're covered for under the life insurance offered through their superannuation while even less (21%) know what their premiums are. The research highlights the low engagement levels with life insurance when compared to other financial products. According ...

Six cases brought against Westpac now finalised

JAMIE WILLIAMSON  |  FRIDAY, 22 APR 2022
... BT Funds Management was fined $20 million in the insurance inside superannuation case involving members being charged premiums that included commissions and some paying commissions to financial advisers through their premiums despite commissions having ...

AustralianSuper drops premiums

JAMIE WILLIAMSON  |  THURSDAY, 14 APR 2022
AustralianSuper is decreasing some of its insurance premiums from May end, with members to see an average drop of 11%. From May 28, the cost of death, TPD and income protection will change depending on their cover type and work rating, the fund said. ...

BT Funds Management fined $20m

JAMIE WILLIAMSON  |  FRIDAY, 8 APR 2022
... commission payments to superannuation members for seven years after they were banned. BT Funds Management charged insurance premiums that included commissions to close to 10,000 members of Asgard Independence Plan Division Two through to 2020, despite ...