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Showing 351 - 360 of 994 results for "Premiums"

Risk commissions must be retained: MetLife

JAMIE WILLIAMSON  |  THURSDAY, 29 AUG 2019
... commissions would not stop them from receiving financial advice. Given the choice of paying an upfront fee and lower premiums or no fee and higher premiums, 75% survey respondents said they were willing to pay an upfront fee. However, the amount they ...

Government super fund changes insurance terms, premiums

KARREN VERGARA  |  TUESDAY, 20 AUG 2019
A $29 billion government superannuation fund is making several changes to its premiums and policy terms following negotiations with its insurer AIA Australia. From 1 October 2019, members of GESB Super and West State Super will see changes to their ...

ASIC bans adviser again

HARRISON WORLEY  |  FRIDAY, 16 AUG 2019
... insurance cover based on what his clients said, rather than thoroughly analyse their needs or consider the impact of premiums on their superannuation balance. ASIC previously banned Aujla for 18 months in 2009, which was reduced to eight months by the ...

Industry fund overhauls fee structure

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
... Death and TPD cover, and death only cover rose by 7.7%. Salary continuance insurance and temporary salary continuance premiums also increased by 8.3%.

Risk advisory firms merge

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2019
Two practices specialising in risk will merge to become an advisory business with about $55 million in premiums under management. MBS Insurance (MBS) and Complete Risk Analysis (CRA) will join forces in a bid to increase scale and improve efficiencies. ...

ASIC warns trustees on employer inducements

KARREN VERGARA  |  THURSDAY, 1 AUG 2019
... whereby a trustee provides sporting event tickets to a group of employers - is likely to breach s68A. Offering discounted premiums on business insurance policies is another example of a possible contravention. A trustee that provides fund updates to ...

Industry fund changes asset consultant

KANIKA SOOD  |  MONDAY, 29 JUL 2019
... effective July 1. The cap on administration fees of $1575 per year remained unchanged, as did the fund's insurance premiums and indirect cost ratios.

Member interests delay recommended

HARRISON WORLEY  |  WEDNESDAY, 24 JUL 2019
... affordable and efficient because it provided cover to all, and claimed 84 cents in every dollar collected in group insurance premiums was paid back in claims to members. According to the committee, an increase to insurance premiums as a result of the ...

Advice associations weigh in on member interests bill

HARRISON WORLEY  |  FRIDAY, 19 JUL 2019
... eye on some, but not all, matters. Both associations said they broadly support the bill's intent, noting insurance premiums can have a significant impact on the retirement outcomes of younger Australians, especially if the insurance is unnecessary. ...

NFP funds dominate group insurance market

KARREN VERGARA  |  THURSDAY, 18 JUL 2019
... NFP funds account for the majority of the group insurance market at 60%. NFP funds account for more than half (53%) of premiums and 59% of claims paid. On average, they offer higher default levels of cover than retail funds, but at a lower rate per unit ...