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Showing 161 - 170 of 1001 results for "Death"

Vale Charlie Munger

CHLOE WALKER  |  WEDNESDAY, 29 NOV 2023
... Charlie Munger, the brilliant mind behind much of Berkshire Hathaway's success, has passed away at the age of 99. His death was announced this morning by the Omaha-based investment company he helped lead alongside legendary investor and long-time ...

Treasury mulls reforming use of genetic test results by life insurers

JAMIE WILLIAMSON  |  MONDAY, 27 NOV 2023
... like group insurance, met certain thresholds. For instance, insurers can use results where the total amount of lump sum death cover is greater than $500,000. However, APRA statistics show the average sum of insured individual policies of lump sum death ...

Base rate lifts to 4.35%

KARREN VERGARA  |  WEDNESDAY, 8 NOV 2023
... pandemic," she said. "Financial stress is one of the most severe mental distresses, compared in magnitude with the effect of the death of a relative." Bullock flagged that more increases are on the table. "Whether further tightening of monetary policy ...

Super bequest reform can boost charitable giving by billions: Report

ANDREW MCKEAN  |  TUESDAY, 24 OCT 2023
Superannuation bequest reform enabling Australians to channel unspent funds to a nominated charity tax-free upon death, could boost charitable giving by up to $21.9 billion annually by 2060. A report by Impact Economics and Policy, commissioned by Philanthropy ...

Life insurance industry profits double, premiums rise: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 OCT 2023
... multi-year decline. "We can see the impact of the decline in the number of IFAs, with a drop in the amount of people buying death and disability income insurance policies through advisers," Cummings said. "The economic pressures on consumers and rise ...

Super funds offer merger update

JAMIE WILLIAMSON  |  TUESDAY, 3 OCT 2023
... savings elsewhere. As part of the merger, CBA Group Super said most members will see a decrease in insurance premiums across death, TPD, and salary continuance cover. Death and TPD premiums are expected to drop by an average of 26%, while those paid ...

Advisers boost client portfolios 5.9%

KARREN VERGARA  |  MONDAY, 25 SEP 2023
... personal milestones, as well as help them in challenging times such as trauma, illness, financial crises, job loss, and death. The 1.2% value add to asset allocation as an example, could see a client's retirement savings amount to $210,947 after 10 years ...

Older Aussies are retirement illiterate: Survey

KARREN VERGARA  |  TUESDAY, 19 SEP 2023
... advisers put off thinking about aged care until the need for it emerges suddenly, through illness, incapacity, injury, or the death of a partner. As a result, advisers are often called in to help on short notice. "Even when clients include age care in ...

NowInfinity bolsters estate planning capabilities

CASSANDRA BALDINI  |  TUESDAY, 12 SEP 2023
... "including providing greater flexibility and clarity for advisers and trustees, and importantly provide clarity with regards to death benefit payments for estate planning purposes." Williams added that NowInfinity is committed to supporting accountants ...

Spirit Super introduces insurance admin fee

JAMIE WILLIAMSON  |  MONDAY, 11 SEP 2023
... insurer and reduced your premiums." In March 2023, Spirit Super negotiated with MetLife to drop some premiums by 25%. Fees for death and TPD went down by between 14.2% and 24.8%, while income protection premiums reduced by 7.7%. At the time, Spirit Super ...