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Showing 161 - 170 of 994 results for "Premiums"

Westpac fined $1.5m for mis-selling insurance

ANDREW MCKEAN  |  FRIDAY, 8 APR 2022
... between April-July 2015. Moreover, Westpac sent a letter to each customer to assert the right to payment of insurance premiums and debited these amounts from the customer's credit card or facility. The Court found Westpac didn't have the right to these ...

28% of super products rated AAA

ELIZABETH MCARTHUR  |  THURSDAY, 7 APR 2022
... selections, use of asset consultants and multi-manager processes. It also considers the types of insurance offered and the premiums on that insurance, as well as fees of all kinds (administration, investment, advice and indirect costs). The AAA assessment ...

APRA suspends IDII work, "disappointed" in industry

ELIZABETH MCARTHUR  |  FRIDAY, 25 MAR 2022
... to address the risk of unsustainable product terms, expressing disappointment that life companies are simply raising premiums to push consumers out of unsustainable legacy products. However, while APRA's work on the issue is suspended it expects life ...

Startup launches risk retention option

KARREN VERGARA  |  TUESDAY, 15 MAR 2022
... alternative option that targets customers who want to cancel their policy. iExtend partners with policyholders by paying the premiums of the co-owned cover. Policyholders are able to maintain their cover and receive benefits albeit at a lower level but ...

Hostplus, Statewide provide merger details

JAMIE WILLIAMSON  |  THURSDAY, 10 MAR 2022
... insurance arrangements, Hostplus will reduce the insurance administration fee it charges to 0.745% of the death and TPD premiums and to nil for income protection. However, Hostplus members will no longer directly receive the tax rebate effect. "Merging ...

AIA appoints risk, transformation roles

KARREN VERGARA  |  TUESDAY, 8 MAR 2022
... fund's membership is currently covered by Hannover Life RE which is due to exit the market this year. Members will see premiums go up from April 1.

Action on super gap slow, small

ELIZABETH MCARTHUR  |  TUESDAY, 8 MAR 2022
... super balances topped up when parents are not earning an income. Other members of the industry have suggested insurance premiums shouldn't be charged in super on parental leave so balances are not eroded. "An incoming government needs to prioritise long-overdue ...

AvSuper names insurer, premiums rise

JAMIE WILLIAMSON  |  MONDAY, 7 MAR 2022
AvSuper has appointed a new group insurer and will increase premiums from next month, as it continues work to identify a merger partner. The $2.5 billion fund has awarded a group insurance mandate to AIA Australia. The fund's membership is currently ...

Super fund cuts fees, appoints insurer

JAMIE WILLIAMSON  |  FRIDAY, 4 MAR 2022
... insurance mandate for the fund. AIA will retain the existing insurance arrangements, with no changes to terms, conditions or premiums for members, AMG Super said. AMG Super has about $1.6 billion in funds under management and about 15,000 members.

EM investors brace for geopolitical impact

KARREN VERGARA  |  FRIDAY, 25 FEB 2022
... has posted double-digit declines in 2022 as investors factor in the risk of sanctions, dividend cuts and higher risk premiums," Franklin Templeton said. Prior to this conflict, the team saw constructive, diversified exposures, particularly in Russia's ...