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

Search Results

Showing 321 - 330 of 994 results for "Premiums"

AIA income protection premiums jump

ELIZABETH MCARTHUR  |  FRIDAY, 14 FEB 2020
Premiums for retail income protection policies with insurer AIA have climbed substantially over the last two years. One AIA Priority Protection policy sighted by Financial Standard had a 27% increase from 2018 to 2019 and then a 32% increase from 2019 ...

AMP faces fresh class action

ALLY SELBY  |  WEDNESDAY, 12 FEB 2020
... Litigation Funding. Woodsford has also bankrolled the class action against Colonial First State over "excessive" insurance premiums on super products, announced late last month. Shine Lawyers head of litigation and loss recovery, Jan Saddler, said AMP ...

Problems persist with PYSP communication: ASIC

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
... some concerning factors. "Overall the review was relatively positive, however, when call centre staff say that insurance premiums are not paid from your back pocket it shows a lack of understanding of the customer-value-proposition of super," Ross said. ...

Calls for disability insurance reform

ELIZA BAVIN  |  MONDAY, 10 FEB 2020
... sale of DII to individuals. APRA executive board member Geoff Summerhayes, at the time, said life companies had kept premiums at unsustainably low levels and policy features were too generous.

SMSF data misleading: BGL

ALLY SELBY  |  FRIDAY, 31 JAN 2020
... ascertained that ASIC's calculation of the average cost of running an SMSF includes Australian and overseas interest, insurance premiums, forestry managed scheme expenses, investment expenses and something called 'other amounts' - these expenses only ...

Major life insurers continue to suffer

HARRISON WORLEY  |  THURSDAY, 23 JAN 2020
The hits keep coming for Australia's life insurance industry, with new data showing total risk premiums inflows dropped by more than $790 million in the 12 months to September 2019, as major players endured another tough year. Australia's life insurance ...

Class action accuses CFS of dodgy insurance fees

ELIZABETH MCARTHUR  |  THURSDAY, 23 JAN 2020
... action against Colonial First State alleging that hundreds of thousands of Australians were charged excessive insurance premiums. The action alleges CFS, as Commonwealth Bank's superannuation provider, put members into policies with CommInsure and that ...

AustralianSuper ups admin fees

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JAN 2020
... are still lower than they were 10 years ago." The last time AustralianSuper increased costs was in April 2019 when the premiums for its group insurance went up, also on account of the PYS reforms.

New super fund targets millennials

ELIZABETH MCARTHUR  |  TUESDAY, 21 JAN 2020
... be paying $900.55 annually for a standard Death & TPD cover of $310,000. For the same cover a female would be paying premiums of $734.39 annually. This means that for every $1 per week paid in premiums a male gets $17,900 and a female gets $21,950 in ...

What people really think about life commissions

ELIZABETH MCARTHUR  |  TUESDAY, 21 JAN 2020
... they pay. Eight in 10 consumers with life insurance through an adviser would prefer an upfront fee for advice with lower premiums over the life of the policy. The average amount those consumers were willing to pay was $1700. About 55% of consumers reported ...