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

Search Results

Showing 11 - 20 of 100+ results for "Insured"

Retail fund ups premiums

ELIZABETH MCARTHUR  |  TUESDAY, 15 DEC 2020
... Protecting Your Super and Putting Members' Interests First reforms had triggered an exodus from group policies - decreasing the insured pool and increasing the cost for those remaining in products. Some funds also said they had seen an increase in the ...

New multifamily real estate fund

KANIKA SOOD  |  MONDAY, 30 NOV 2020
... said multifamily real estate in US can qualify for low fixed-rate, long-term (up to 35 years) non-recourse US government insured debt. Immediately after the fund's close, Domus plans to make value-add improvements to increase rental income. It will do ...

Underinsurance gap worsens: Research

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
... balance accounts. "The impact of this has allowed us greater clarity than ever before around how many Australians are insured and the amount of insurance held compared to their needs," Rice Warner said. While there had been a significant increase in ...

Industry fund names new group insurer

JAMIE WILLIAMSON  |  THURSDAY, 19 NOV 2020
... August of this year. At the time, the fund said it was attempting to manage the tension between increased claims and less insured members, ensuring the offering was sustainable and equitable. The super fund also made changes to its investment fees, effective ...

Club Plus announces insurance changes

ELIZABETH MCARTHUR  |  MONDAY, 16 NOV 2020
... permanent disability and income protection cover reduce. Club Plus is also removing the insurance administration charge for insured members. The reductions are different for each age group. For example, those aged 31-45 will go from paying $1.95 a week ...

Sunsuper ups TPD premiums

KARREN VERGARA  |  WEDNESDAY, 11 NOV 2020
... October-end) recently announced several changes to its insurance offering, which included updating the TPD definition AIA insured Sunsuper for life Corporate plans, and Sunsuper for life Business plans. Members with TPD cover who experience a catastrophic ...

APRA reduces ERS reporting for funds

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
... no longer have to continue providing information on complaints handled through internal dispute resolution processes, insured member accounts, insurance claims and claim duration. APRA will also stop requiring funds to report on members accounts which ...

APRA, ASIC release life insurance stats

ELIZABETH MCARTHUR  |  TUESDAY, 20 OCT 2020
... shortest average claim time at five months. When it came to disputes, the industry average is 36.2 disputes per 100,000 lives insured. Westpac had the highest average with 53 disputes per 100,000 lives. In group insurance, the average dispute per100,000 ...

Industry fund hikes income protection premiums

ANNABELLE DICKSON  |  FRIDAY, 16 OCT 2020
... increased insurance premiums to members. All premiums payable to Media Super's insurer are deducted from the accounts of insured members," it said in a note to members. The $6 billion fund said it regularly reviews its insurance offering to make sure ...

Hostplus freezes premiums

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 OCT 2020
... legislative changes including the Protecting Your Super and Putting Members' Interests First packages saw the pool of insured accounts decrease. REI Super, Tasplan, legalsuper and Intrust Super all recently increased premiums on various types of cover. ...