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Showing 361 - 370 of 994 results for "Premiums"

ISA lays out $416bn super saving plan

HARRISON WORLEY  |  THURSDAY, 18 JUL 2019
... underperforming" fund for years. Additionally, ISA said workers would also benefit from $47.3 billion in savings in fees and premiums (including the impact of recent changes) through the elimination of multiple accounts, which it claims to be roughly ...

ASIC slams consumer credit failures

HARRISON WORLEY  |  FRIDAY, 12 JUL 2019
... consumers who purchase CCI sold alongside their credit cards only receive 11 cents in claims for every dollar paid in premiums. Across all lenders, the figure moves to just 19 cents in the dollar. ASIC said CCI sales practices were harmful to consumers ...

Super fund increases fees

JAMIE WILLIAMSON  |  THURSDAY, 11 JUL 2019
... balance. LGIAsuper's cap on administration fees of $1575 per year remains unchanged, as do the fund's insurance premiums and indirect cost ratios.

Industry fund to increase premiums

KARREN VERGARA  |  MONDAY, 8 JUL 2019
A $5.6 billion superannuation fund will increase insurance premiums as part of the Protecting Your Super changes after recently reducing costs for members. From 1 August 2019, EISS Super members will pay more for death and TPD cover, and death only ...

Putting Members' Interests First Bill reintroduced

KARREN VERGARA  |  FRIDAY, 5 JUL 2019
... will better target default insurance cover and prevent inappropriate erosion of retirement savings caused by insurance premiums," the explanatory memorandum reads. Currently, the superannuation regulatory framework provides no special protection for ...

MLC Super updates TPD cover, premiums

KARREN VERGARA  |  TUESDAY, 2 JUL 2019
... Activities of Daily Living definition. MLC Super has written to members communicating the changes about their insurance premiums. Depending on their age and cover, some members will see premiums drop by $5.55 per month. Death cover will reduce by 10.3% ...

Super fund introduces further group insurance changes

KARREN VERGARA  |  MONDAY, 1 JUL 2019
... from 1 August 2019, where members will be allocated a dollar amount of cover based on age and changes as they get older. Premiums for income protection cover will change to annual, gender-based calculations for every $100 per month of cover held. In ...

Reforms see super fees in flux

HARRISON WORLEY  |  MONDAY, 1 JUL 2019
The PYS package, effective today, has forced the sector to consider changes to fee structures and group insurance premiums. With the package set to cap the amount of fees that can be charged to low-balance members and divert low-balance accounts deemed ...

Sunsuper slashes fees

KARREN VERGARA  |  FRIDAY, 28 JUN 2019
... transparency and comparability," he said. The PYS legislation has prompted other funds to increase fees and insurance premiums. GuildSuper, Childcare Super, AustralianSuper, REI Super and LUCRF Super are some examples.

Group insured, advised clients better off

HARRISON WORLEY  |  FRIDAY, 28 JUN 2019
... similar when it comes to the claims paid ratio, the dollar amount of claims paid out in the year as a percentage of the premiums receivable in that time. Advised clients were better off than those without an adviser when it came to death cover (39%-32%) ...