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Showing 291 - 300 of 994 results for "Premiums"

Industry fund ups insurance premiums

HARRISON WORLEY  |  THURSDAY, 25 JUN 2020
An $8.5 billion industry superannuation fund is increasing the cost of insurance premiums paid by members. Australian Catholic Superannuation and Retirement Fund is upping the cost of its death and total and permanent disablement unitised cover as it ...

Challenger raising $300m, to add IG bonds

KANIKA SOOD  |  MONDAY, 22 JUN 2020
... opportunities. It has also scrapped its final dividend for FY20 which would have normally been paid in September. "Asset risk premiums have widened significantly following COVID-19 pandemic market sell-off with investment grade fixed income providing ...

Public super fund rejigs offering

KANIKA SOOD  |  WEDNESDAY, 17 JUN 2020
... cost of the cover. "The cost of your cover will be based on your level of cover and current age...For Death and TPD, premiums are expressed as annual rates per $1000 of amount insured. (Number of days in the month/365.25) x (Amount Insured/1000 x Premium ...

Zenith defends LICs/LITs

ALLY SELBY  |  FRIDAY, 12 JUN 2020
... that the dispersion of outcomes between the investor return and portfolio return narrows materially." Higgins argued premiums and discounts are not an issue that can be 'cured' and are instead a function of the market and the product's structure. "The ...

Madison sale confirmed

JAMIE WILLIAMSON, KANIKA SOOD  |  WEDNESDAY, 3 JUN 2020
... Primewest Group entities. Madison has about 100 advisers with $3 billion in funds under advice and total in-force insurance premiums of $65 million. Total gross revenue is about $34 million, according to Clime filings. Under the deal, Madison chief executive ...

Proceed with caution: Janus Henderson

ALLY SELBY  |  TUESDAY, 19 MAY 2020
... lower interest rates, which we have in place thanks to the Fed," Alankar said. "But we also know that they fall as risk premiums increase and growth rates decline." Companies that generate secular growth are likely to still trade at a premium, he said ...

ASIC secures $160m in remediation over junk credit insurance

ALLY SELBY  |  THURSDAY, 14 MAY 2020
... personal loans or home loans, ASIC said. However, it found that thousands of existing customers continue to hold and pay premiums for consumer credit insurance policies. "ASIC will continue to collect and publish claims ratios to check how CCI products ...

Insurer invokes financial hardship policy

ELIZA BAVIN  |  MONDAY, 11 MAY 2020
... with consumers' specific circumstances." The regulator said in circumstances where a consumer is not able to pay premiums due to financial hardship stemming from COVID-19 the industry is expected to help consumers keep key coverage. Mamelok said ...

QSuper not to appeal AFCA win

KANIKA SOOD  |  THURSDAY, 7 MAY 2020
... QSuper's board appealed unsuccessfully to the Federal Court about an AFCA decision asking the fund to refund a member extra premiums, Financial Standard first reported. As a part of its appeal, QSuper had challenged AFCA's jurisdiction over the ...

Industry fund swaps insurers

KANIKA SOOD  |  WEDNESDAY, 6 MAY 2020
... benefits paid to members have been increasing and over the last three years more benefits have been paid to members than premiums collected and paid to the insurer - which is unsustainable," Energy Super said. From July 1, the maximum benefit payable ...