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Showing 11 - 20 of 430 results for %22Total Cover Australia%22

Treasury mulls reforming use of genetic test results by life insurers

JAMIE WILLIAMSON  |  MONDAY, 27 NOV 2023
... the cost of their insurance. Under the moratorium, insurers can only request or use the results of a genetic test if the total amount of cover for an individual - including that being applied for and any other existing cover, like group insurance, met ...

Uniseed partners with major Aussie universities

CASSANDRA BALDINI  |  WEDNESDAY, 15 NOV 2023
... remaining commitments of its existing members, contributing an additional $6.75 million to Uniseed Fund-3. This will bring the total fund size to $56.75 million. Considering the merger of new funds, and factoring in prior Fund-3 investments, there is ...

Super fund fees now at record low: Data

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
Superannuation fees in Australia have reached a historic low, with the total expense ratio averaging 0.93% per annum, as per research from Rainmaker Information. Rainmaker Information's analysis of over 1500 superannuation fund fee options, spread across ...

Private credit boom sweeps Australia

KARREN VERGARA  |  TUESDAY, 10 OCT 2023
... market share According to the Reserve Bank of Australia (RBA), non-bank lenders account for 5% of the financial system's total assets, issued in equal parts by registered financial corporations (RFCs) and managed investment funds (including hedge ...

Super tax break changes open for consultation

KARREN VERGARA  |  TUESDAY, 3 OCT 2023
... in its draft legislation and is now opened for consultation. From 2025-26, the proposed law states that for members with total superannuation balances of $3 million, the concessional tax rate of 30% will apply. Those with less than $3 million will be ...

Responsible investment AUM drops: RIAA

RACHEL ALEMBAKIS  |  MONDAY, 18 SEP 2023
... 2022, according to the latest Responsible Investment Association Australasia (RIAA) report. For the first time in years, the total responsible investment AUM declined from $1.542 trillion in 2021 to $1.293 trillion in 2022, a $249 billion gap. At the ...

TAL launches new look Accelerated Protection range

JAMIE WILLIAMSON  |  MONDAY, 11 SEP 2023
... updates that were effective September 8. The Accelerated Protection series includes four cover types, being life insurance, total and permanent disability, critical illness, and income protection. It also offers critical illness cover for children. Features ...

Westpac reports $1.8bn net profit, rise in stressed assets

ANDREW MCKEAN  |  MONDAY, 21 AUG 2023
... base case economic scenario's expected losses by $1.5 billion. Stressed assets showed a margin increase to 1.16% of total exposures - a rise of six basis points since March 2023. This was consistent with the bank's credit impairment charges ...

Super funds prime distributor of death, TPD cover

CHLOE WALKER  |  TUESDAY, 15 AUG 2023
... annum over the last decade, this rate of growth has flattened to just 0.5% per annum over the past five years. "In 2020, total premiums fell 8% due to reforms to compulsory super fund group insurance no longer being charged to inactive fund members and ...

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
... complaints for Best Leader Markets. Stripping these out, there were 2458, investment and advice complaints, representing a total decrease of 23%. About 450 related to financial advice. Investment and advice complaints capture financial advice, managed ...