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Showing 201 - 210 of 380 results for "Insurance premiums"

Default life insurance reforms ineffective: Research

KARREN VERGARA  |  WEDNESDAY, 13 JUN 2018
... was being done as a means of "protecting Australians' retirement savings from undue erosion by fees and insurance premiums." The life insurer found the Government's solution to address the erosion of superannuation balances would only benefit members ...

Super protection policy needs improvement

DARREN SNYDER  |  FRIDAY, 1 JUN 2018
... in Super agrees life insurance coverage should be on an opt-in basis for new members under age 25, and that insurance premiums can be a cause of balance erosion for inactive super account balances below $6000, it believes several amendments to the policy ...

Productivity Commission addresses superannuation lottery

DARREN SNYDER  |  TUESDAY, 29 MAY 2018
... change job. The PC said one-third of accounts (about 10 million) are unintended multiples. The excess fees and insurance premiums paid by members on those accounts amount to $2.6 billion every year. "These problems are highly regressive in their impact ...

Government to ban default life insurance in super

ALEX BURKE  |  TUESDAY, 8 MAY 2018
... this was being done as a means of "protecting Australians' retirement savings from undue erosion by fees and insurance premiums." Under the new regime, insurance will move from a default framework to an opt-in extra for those with balances less than ...

Industry fund adds board director

JAMIE WILLIAMSON  |  FRIDAY, 13 APR 2018
... like uni students want a super fund that aligns with their values and won't eat up their balance in fees and insurance premiums - and that shows in our growth figures." "Increasingly all of our members - but particularly those younger members - want ...

Default options safeguard retirement savings: Research

JAMIE WILLIAMSON  |  WEDNESDAY, 11 APR 2018
... demonstrates the vast majority of consumers make 'confused' choices. They place too much importance on the upfront insurance premiums and fail to rationally calculate how much they will pay over time. The findings showed individuals living with Alzheimer's ...

Merged super funds save $30m for members

KARREN VERGARA  |  WEDNESDAY, 4 APR 2018
... announced it became a signatory of the Insurance in Superannuation Voluntary Code of Practice and will drop TPD insurance premiums for life product members by an average of 20%. From 1 July 2018, Sunsuper will adopt a tiered cover approach to allow young ...

Industry fund signs super code, slashes premiums

JAMIE WILLIAMSON  |  TUESDAY, 27 MAR 2018
... latest signatory to the Insurance in Superannuation Voluntary Code of Practice, announcing it will drop TPD insurance premiums by an average of 20% at the same time. Signing up to the code from March 31, Sunsuper believes it will be the first fund to ...

O'Dwyer flags government intervention on insurance in super code

KARREN VERGARA  |  THURSDAY, 22 MAR 2018
... prepared to take matters into its own hands because superannuation funds still aren't doing enough to stop life insurance premiums unduly eroding retirement savings. Kelly O'Dwyer expressed her frustration with the industry's inertia at yesterday's Financial ...

MetLife expands retail life business

KARREN VERGARA  |  WEDNESDAY, 14 MAR 2018
... renewed its partnership in January with $11 billion industry fund MTAA Super to June 2020. The deal saw default insurance premiums for 16 to 21-year-old members drop from $4.82 per week to $2.89 per week, effective 28 October 2017. All MTAA members meanwhile ...