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Showing 311 - 320 of 2304 results for "Premium"

Legalsuper hits members with increased fees

ANDREW MCKEAN  |  MONDAY, 6 NOV 2023
Legalsuper is raising the investment fees of its MySuper balanced option product from December 14, resulting in an annual cost increase for an account balance of $50,000 from $546.92 to $596.92. For the $5.4 billion industry fund's default investment ...

Rival bidder seeks to acquire Diverger

KARREN VERGARA  |  MONDAY, 30 OCT 2023
... green light for the takeover. The indicative proposal implies a $56 million equity value for Diverger and represents a 32% premium to the current share price of $1.07 per share. COG is offering to pay $27 million as a cash component, 83% more than Count's ...

Life insurance complaints drop 24%

KARREN VERGARA  |  WEDNESDAY, 25 OCT 2023
The number of life insurance complaints may have declined 24% in the 2023 financial year, but policyholders continue to complain about claims-handling delays and insurers peddling misleading information. According to the Australian Financial Complaints ...

Super fund, insurer admin issues draw AFCA complaints

KARREN VERGARA  |  MONDAY, 23 OCT 2023
... organisations in its report. One unnamed life insurer blamed its old policy administration system for failing to communicate premium rate increases to customers over several years that impacted four different policies. Insurers must notify policyholders ...

Inflation data not encouraging: Powell

CASSANDRA BALDINI  |  FRIDAY, 20 OCT 2023
... pre-pandemic levels," he said. Additionally, he said, exits are back to pre-pandemic levels, and the same is true of the wage premium earned by those who change jobs. "Surveys of workers and employers show a return to pre-pandemic levels of tightness ...

AAT overturns ASIC ban on investment guru

CASSANDRA BALDINI  |  FRIDAY, 20 OCT 2023
... wealth creation and asset protection. The price of the courses varied between $5500 and $10,200, Grubisa also offered a premium course which included access to all the other courses together with some supplementary services for a higher fee of $25,000. ...

Equity Trustees offloads Irish business

CHLOE WALKER  |  WEDNESDAY, 18 OCT 2023
... next few months, subject for approval by the Central Bank of Ireland (CBI). While the sale price has not resulted in a premium, it will improve Equity Trustees' profitability and earnings per share from completion," Equity Trustees' managing director ...

AIA restructures retail insurance unit

CASSANDRA BALDINI  |  WEDNESDAY, 18 OCT 2023
... function. AIA said the move will enhance the experience for new AIA Priority Protection clients. Simultaneously, the adviser premium service team will now be led by general manager, retail distribution Craig Parker. Parker will oversee AIA's new ...

Life insurance industry profits double, premiums rise: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 OCT 2023
... disability income insurance policies through advisers," Cummings said. "The economic pressures on consumers and rise in premium costs has contributed to lapse rates starting to increase. Having said that, the lapse rates in 2022 were still lower than ...

How will the Israel-Hamas conflict impact Australia?

CASSANDRA BALDINI  |  TUESDAY, 10 OCT 2023
... mainly triggers volatility in oil prices, which tend to be temporary. "It's not something that remains as a price premium for a long time. What changes that narrative in that historical context is if you see a sustained disruption to oil supply somewhere ...