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Showing 221 - 230 of 1001 results for "Death"

Hostplus, Statewide provide merger details

JAMIE WILLIAMSON  |  THURSDAY, 10 MAR 2022
... provided, a 40-year-old member with four units of default cover in the Active occupation category will now pay $12.70 a week for death, TPD and income protection. Previously they paid $12.52. In integrating the insurance arrangements, Hostplus will reduce ...

AvSuper names insurer, premiums rise

JAMIE WILLIAMSON  |  MONDAY, 7 MAR 2022
... including that of AMG Super. Under the new arrangement, which is effective April 1, AvSuper members will pay more for their death and TPD cover; the first increase in six years. A 'light blue collar' member with default cover of two units of death and ...

Cbus, Media Super set merger date

JAMIE WILLIAMSON  |  WEDNESDAY, 23 FEB 2022
... members will see a 2% decrease in insurance premiums. Where a 40-year-old member may have paid $1 a week for $85,294 in death and TPD cover under Media Super's existing arrangements, they will receive $87,000 in cover with Cbus, underwritten by TAL. ...

Sequoia Financial Group acquires legal practice

CHLOE WALKER  |  MONDAY, 10 JAN 2022
... launch additional services to assist financial advisers, including in the areas of account-based pensions, child pensions, death benefit pensions, pension reversion amendments and pension commutation as ever-changing laws and legislation is implemented. ...

Hume refreshes super co-contribution laws

KARREN VERGARA  |  TUESDAY, 21 DEC 2021
... super co-contribution payments. It will also exclude such payments that only provide terminal medical condition benefits or death-only or incapacity benefits. Excluding these identifies insurance-only accounts. Otherwise, government co-contributions ...

Avanteos faces criminal charges over deceased super members

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 DEC 2021
... early 2016, Avanteos received legal advice that it did not have authority to deduct fees from super members after their death. Despite this, Avanteos continued deducting these fees until May 2018. During this period, disclosure statements for 18 super ...

Intergenerational transfer hits $1.5tn

KARREN VERGARA  |  TUESDAY, 7 DEC 2021
... Commission finds. In 2018 alone, nearly 90% of the $100 billion transferred was in the form of inheritances passed on following death. Children of the deceased were the major recipients, while the remainder went to a surviving spouse or to other family ...

Industry fund cuts premiums

ELIZABETH MCARTHUR  |  MONDAY, 29 NOV 2021
... premiums by more than 17%. REI Super informed members premium rates will decrease by 17.5% for income protection and 3.3% for death and total and permanent disability (TPD) insurance. "We continuously work with our insurer MetLife and have negotiated ...

APRA hones in on post-retirement products

KARREN VERGARA  |  TUESDAY, 23 NOV 2021
... pass to future generations," the RIR report read. By 2059, the review estimated that about $130 billion in superannuation death benefits will be paid out - a whopping increase from the $17 billion in 2019. "This is not great for retirees, who may be ...

ASIC outlines ROA guidance

ANNABELLE DICKSON  |  FRIDAY, 5 NOV 2021
... new mortgage or significant increase or decrease in debt, a new baby, divorce or separation, the sale of a business or the death of a partner. Other things ASIC clarifies include the fact that an ROA can be in the form of a video or audio recording ...