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Showing 171 - 180 of 380 results for "Insurance premiums"

Communication fails to keep member interests at heart

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2019
... July 2019, and aims to ensure low balance and inactive accounts aren't eroded inappropriately by fees and insurance premiums. One Hostplus member told Financial Standard that after logging online, a pop-up box communicating the changes was "confusing" ...

Sargon named trustee for new super fund

HARRISON WORLEY  |  TUESDAY, 23 APR 2019
... solution through its accredited financial advisers. PPS Mutual said the fund would allow its members to fund their insurance premiums through their accumulation super fund account. According to PPS Mutual,its younger members in the medical, legal, accounting ...

ASIC targets misleading member communication

KARREN VERGARA  |  WEDNESDAY, 17 APR 2019
... take action on superannuation funds that send misleading communication to members about inappropriate fees and insurance premiums. The warning comes in light of the Protecting Your Super package (PYSP) reforms, which are due to take effect on 1 July ...

Superannuation bills on hold

KARREN VERGARA  |  MONDAY, 15 APR 2019
... legislation, including the protection of young superannuation members and low-balance accounts from default insurance premiums, have been put on ice. Treasury Laws Amendment (Putting Members' Interests First) Bill 2019, a highly anticipated Bill that ...

Treasury proposes standardised default insurance definitions

KARREN VERGARA  |  FRIDAY, 29 MAR 2019
... challenging." He noted that any changes to these terms will potentially affect when a person can claim, the cost of insurance premiums and how much superannuation the member will have at retirement. Among the other recommendations, Hayne asked to consider ...

Robert slates industry over inactive accounts

HARRISON WORLEY  |  THURSDAY, 21 MAR 2019
... superannuation accounts that had been inactive for more than 16 months would not have their balances eroded by life insurance premiums. But Robert questioned why the industry failed to deal with the issue, pointing out many life insurers would have knowingly ...

YBR in trading halt, flags loss

KARREN VERGARA  |  MONDAY, 4 MAR 2019
... present value of the group's net trail commission receivable from its underlying mortgage book or book of insurance premiums under management, but will be applied against goodwill and intangible and other assets. The charge results from assessing ...

Clearview overhauls life insurance premiums

KARREN VERGARA  |  WEDNESDAY, 20 FEB 2019
Clearview is introducing a number of pricing changes to its LifeSolutions offering. New LifeSolutions customers will be subject to new pricing structures from 1 March 2019. Stepped and hybrid premiums life and TPD premium rates will be lowered, while ...

PC calls for group insurance review

KARREN VERGARA  |  FRIDAY, 11 JAN 2019
... unintended multiple insurance policies to be the "main culprits" of worthless policies. It fears that deducting insurance premiums can have a material impact on member balances at retirement. This is particularly costly to members with low incomes, whose ...

Survey says no to subsidising life insurance for genetically at-risk Aussies

HARRISON WORLEY  |  MONDAY, 10 DEC 2018
... genetic test to predict the likelihood of becoming ill in future, but also support the principle of setting insurance premiums individually based on the likelihood of making a claim," Kirwan said. "Just over 60% of Australians are against subsidising ...