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Showing 161 - 170 of 421 results for "Federal Budget"

MetLife scores group insurance mandate

KARREN VERGARA  |  TUESDAY, 9 OCT 2018
... partnership that aligns with our values and addresses the specific needs of the fund," Connor said. He said the proposed Federal Budget changes to insurance inside super pose another level of complexity and uncertainty, and the fund needed to partner ...

Super industry welcomes Age Pension backflip

HARRISON WORLEY  |  THURSDAY, 6 SEP 2018
... government has abandoned plans to increase the pension age to 70 by 2035. The plans were first announced in the 2014-15 Federal budget by then-Treasurer Joe Hockey. "We are pleased that the Morrison government has abandoned Coalition plans to increase ...

Industry fund cuts admin fee

KANIKA SOOD  |  THURSDAY, 30 AUG 2018
A $72 billion industry superannuation fund is cutting its administration fee for lower-balance accounts - a change which affects one-quarter of its members. UniSuper members with account balances lower than $4800 will now pay 2% of the account balance ...

Group insurers pressed for resources

KANIKA SOOD  |  MONDAY, 30 JUL 2018
... Brett Clark and APRA's Adrian Rees. The session was led by MLC Life Insurance's David Hackett. In May's Federal Budget, the Government said by 1 July 2019, group life insurance will move from a default framework to an opt-in extra for those ...

Industry fund renews insurer, drops premiums

JAMIE WILLIAMSON  |  FRIDAY, 27 JUL 2018
... Media Super said. The fund has also taken the step to remove default cover for young people, as proposed in the Federal Budget and the Productivity Commission's draft report. Cover for new members under the age of 25 is now on an opt-in basis. They will ...

AFCA funding lacks transparency: AIST

KARREN VERGARA  |  THURSDAY, 26 JUL 2018
... breakdown in funding across staff, complaints handing, technology and other operational areas. In the May 2018 Federal Budget, the Government allocated $1.7 million to AFCA's establishment costs.

Socio-economics dictate insurance needs of young Aussies: Insurer

JAMIE WILLIAMSON  |  THURSDAY, 19 JUL 2018
... automatically provided life insurance cover," TAL added. Implementation of the reforms, which were announced as part of the Federal Budget, should also be delayed. TAL said a commencement of 1 July 2019 is an unrealistic timeline as the extent and complexity ...

New campaign combats elder financial abuse

KARREN VERGARA  |  MONDAY, 18 JUN 2018
... comes to detecting and reporting elder financial abuse but currently their hands can be tied," Bligh said. The 2018 Federal Budget committed $22 million over five years to protect older Australians from abuse, which includes funding trials of specialist ...

Advisers must tread carefully on PLS

JAMIE WILLIAMSON  |  THURSDAY, 14 JUN 2018
... which compounds fortnightly, charged by the Department of Human Services. The scheme was expanded as part of the Federal Budget earlier this year, allowing all those eligible for the Age Pension to receive payments of up to 150% of the maximum entitlement ...

Chief economist update: Should have sold in May and gone away

BENJAMIN ONG  |  TUESDAY, 29 MAY 2018
... employment conditions registered strong gains in April. Note that the survey was taken before the announcement of the Federal Budget 2018/19 which proposed to extend the company tax cuts to all businesses, among other incentives. The promised tax cuts ...