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Showing 181 - 190 of 987 results for "Death"

Claimants tend to be younger women: Research

KARREN VERGARA  |  WEDNESDAY, 8 MAR 2023
... cancer-related claims tend to be younger than men. A MetLife study found that females making cancer-related claims in the areas of death, income protection, terminal illness, TPD and trauma are younger by one to four years on average compared to men. ...

In need of repair: Gender stereotypes and advice

KARREN VERGARA  |  TUESDAY, 7 MAR 2023
... have a plan to manage assets. A HILDA survey shows that one in five Australians still have super within four years prior to death, with a mean balance of about $500,000. "The wealth transfer between couples as a result of superannuation death benefits ...

Spirit Super negotiates premium drop

CASSANDRA BALDINI  |  MONDAY, 6 MAR 2023
... decrease to some premiums. Members will save about $51 million over the life of the agreement, Spirit Super said. Fees for death and TPD cover will be reduced by between 14.2% and 24.8%, while income protection cover will drop by 7.7%. The new agreement ...

Poor financial literacy worsens underinsurance problem

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
... Underinsurance in Australia 2020, Rice Warner estimated the total cost to the government in social security payments for death and TPD underinsurance to be $600 million per year. MetLife Australia chief of staff, strategy and external affairs Wendy Tse ...

Regulators sound alarm on cybersecurity, fraud in super

ANDREW MCKEAN  |  FRIDAY, 24 FEB 2023
... ensuring members are protected. That's a hard balance, particularly when you think about access to funds paying out death benefits; we're seeing a lot of noise starting to come up about how quickly or not quickly we're paying out death benefits ...

Generation Development Group inflows decline, FUM increases

ANDREW MCKEAN  |  TUESDAY, 24 JAN 2023
... life company back in 2004." According to Hackett, while there was an increase in withdrawals and maturities due to multiple death payments and larger direct clients, he noted that the redemption rates for advised clients - which make up 90% of gross ...

Trustees must improve IDR processes: ASIC

JAMIE WILLIAMSON  |  FRIDAY, 9 DEC 2022
... complaints, ASIC said consistently meeting the maximum response timeframe under RG 271 - 45 calendar days unless an objection to a death benefit distribution - is challenging some trustees, highlighting "substantial concerns with the time taken by a ...

Millions of retirees will benefit from QAR

CASSANDRA BALDINI  |  TUESDAY, 29 NOV 2022
... retirees are not adequately advised meaning retirees drawdown based on minimum requirements and leave large bequests at death. As a result of these reforms, NMG research shows around 100,000 additional retirees receiving advice each year would more efficiently ...

Quantifying the value of a financial adviser

ANDREW MCKEAN  |  MONDAY, 24 OCT 2022
... while in challenging circumstances, adding value through cases of trauma, illness, financial crises, estate planning, and death. The report shows that an adviser's contribution to the success of their client's wealth building journey is more ...

NGS Super increases death, TPD premiums

JAMIE WILLIAMSON  |  THURSDAY, 6 OCT 2022
The fund is increasing death and total and permanent disability insurance premiums following an increase in claims in recent years. Premiums for death and TPD will increase for most members from November 9. A 30-year-old member with a sum life/terminal ...