Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 281 - 290 of 994 results for "Premiums"

ASIC puts investment managers on notice over valuations

ANNABELLE DICKSON  |  TUESDAY, 11 AUG 2020
... an economic rebound, selection of an appropriate discount rate in regards to low government bond yields and the risk premiums that should be attached to the risk free rate. ASIC said as a result of these variables that responsible entities may need to ...

Macquarie to transfer legacy pension product

KANIKA SOOD  |  MONDAY, 10 AUG 2020
... the member's withdrawal value where the member's balance (as at withdrawal rate) was less than the aggregate premiums (less fees, withdrawals and in some cases expenses) paid by member. Macquarie Investment Management Limited got its registerable ...

Super funds slapped over smoker premiums

ALLY SELBY  |  FRIDAY, 7 AUG 2020
... businesses that were classifying new members as 'smokers' by default, hitting them with higher life insurance premiums in the process unless the member took active steps to opt out of this categorisation. ASIC commissioner Danielle Press noted ...

AMP, BT and CBA to face class action

ELIZABETH MCARTHUR  |  FRIDAY, 31 JUL 2020
... new class action from Shine Lawyers alleges that more than half a million Australians were charged excessive insurance premiums by financial advisers aligned with AMP, BT and Commonwealth Bank. Proceedings have already been filed against AMP, which AMP ...

Insurers COVID-19 response slammed

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JUL 2020
... themselves with limited cover in group insurance policies and being assessed against ADLs are likely to be paying the same premiums as their full time, permanently employed peers who are fully covered. "The type of disability insurance people get depends ...

APRA intervention blindsided AFA, FPA taskforce

ELIZABETH MCARTHUR  |  TUESDAY, 28 JUL 2020
... Framework (LIF) reforms. "If you look at the key measures [of LIF] that were originally set out - lower lapse rates, reduced premiums and better customer outcomes were the three objectives... We know we haven't achieved that, but is that due to the Life ...

Hume calls out ERS fake news

ELIZABETH MCARTHUR  |  MONDAY, 27 JUL 2020
... balances dipped below $6000, they'd only lose the insurance if their balance dipped so low that they couldn't pay the premiums. "A piece of fake news that I've heard repeated too many times is that if a person's balance dips below $6000 as a result of ...

Insurance premiums soar at Qantas Super

ELIZA BAVIN  |  FRIDAY, 10 JUL 2020
Customers of Qantas Super will see their insurance premiums rise substantially come 1 August 2020 now that the super fund has officially switched insurers to MetLife. The fund blamed a range of factors for the increase, mostly surrounding the effects ...

Qantas Super awards insurance mandate

ELIZA BAVIN  |  WEDNESDAY, 8 JUL 2020
... members over the past 9 years," the fund said. Additionally, Qantas Super announced there will be changes to insurance premiums for standard/basic cover and voluntary cover from 1 August 2020. The fund added there will also be changes to income protection ...

APRA heatmap sees members save on fees

JAMIE WILLIAMSON  |  TUESDAY, 30 JUN 2020
... in this area to take longer to manifest, and for COVID-19 to have an impact. It also doesn't account for insurance premiums. "Since publishing the heatmap last December, APRA has intensified its supervision of underperformers. It's pleasing to ...