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Showing 161 - 170 of 380 results for "Insurance premiums"

Industry fund to increase premiums

KARREN VERGARA  |  MONDAY, 8 JUL 2019
A $5.6 billion superannuation fund will increase insurance premiums as part of the Protecting Your Super changes after recently reducing costs for members. From 1 August 2019, EISS Super members will pay more for death and TPD cover, and death only ...

Putting Members' Interests First Bill reintroduced

KARREN VERGARA  |  FRIDAY, 5 JUL 2019
... will better target default insurance cover and prevent inappropriate erosion of retirement savings caused by insurance premiums," the explanatory memorandum reads. Currently, the superannuation regulatory framework provides no special protection for ...

MLC Super updates TPD cover, premiums

KARREN VERGARA  |  TUESDAY, 2 JUL 2019
... Activities of Daily Living definition. MLC Super has written to members communicating the changes about their insurance premiums. Depending on their age and cover, some members will see premiums drop by $5.55 per month. Death cover will reduce by 10.3% ...

Reforms see super fees in flux

HARRISON WORLEY  |  MONDAY, 1 JUL 2019
The PYS package, effective today, has forced the sector to consider changes to fee structures and group insurance premiums. With the package set to cap the amount of fees that can be charged to low-balance members and divert low-balance accounts deemed ...

Sunsuper slashes fees

KARREN VERGARA  |  FRIDAY, 28 JUN 2019
... transparency and comparability," he said. The PYS legislation has prompted other funds to increase fees and insurance premiums. GuildSuper, Childcare Super, AustralianSuper, REI Super and LUCRF Super are some examples.

Industry funds up premiums

KARREN VERGARA  |  FRIDAY, 28 JUN 2019
Members of two industry superannuation funds will be paying higher group insurance premiums from next week as the Protecting Your Super changes kick into gear. GuildSuper and Childcare Super, which are part of the $1.7 billion Guild Retirement Fund ...

Former Westpac adviser permanently banned

JAMIE WILLIAMSON  |  WEDNESDAY, 26 JUN 2019
... without investigating their existing products. ASIC said the inappropriate advice saw clients paying excessive insurance premiums that eroded their super balances at a time in their life when they could not possibly rebuild their assets ahead of retiring. ...

Super figures point to NSW victory

HARRISON WORLEY  |  WEDNESDAY, 5 JUN 2019
... among the top 10 funds in the country Lifecycle products among the top 10 Average fees Default death and TPD insurance premiums Default income protection premiums Starting with the number of MySuper products ranking inside the top 10 across the nation ...

Super fund increases premiums

KARREN VERGARA  |  FRIDAY, 31 MAY 2019
A $1.5 billion superannuation fund will increase life insurance premiums as a result of the Protecting Your Super Package reforms. New and existing REI Super members will pay more for death and TPD cover from 1 July 2019. They join the ranks of AustralianSuper ...

Super funds grapple with PYSP deadline

KARREN VERGARA  |  FRIDAY, 10 MAY 2019
... retirement or pension phase products; and Implementation of second-order impacts, such as increases in group life insurance premiums. These challenges highlight the importance of thorough industry consultation in the drafting of legislation, common regulatory ...