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Showing 371 - 380 of 994 results for "Premiums"

Industry funds up premiums

KARREN VERGARA  |  FRIDAY, 28 JUN 2019
Members of two industry superannuation funds will be paying higher group insurance premiums from next week as the Protecting Your Super changes kick into gear. GuildSuper and Childcare Super, which are part of the $1.7 billion Guild Retirement Fund ...

Group life premiums topple benefits paid: Research

KARREN VERGARA  |  WEDNESDAY, 26 JUN 2019
The amount of premiums group insurers charge have outweighed benefit payments by a whopping $21 billion over the last five years, Rainmaker analysis reveals. Using APRA data of industry and retail superannuation funds and their respective life insurers ...

Former Westpac adviser permanently banned

JAMIE WILLIAMSON  |  WEDNESDAY, 26 JUN 2019
... without investigating their existing products. ASIC said the inappropriate advice saw clients paying excessive insurance premiums that eroded their super balances at a time in their life when they could not possibly rebuild their assets ahead of retiring. ...

LUCRF Super ups premiums for older members

KARREN VERGARA  |  THURSDAY, 13 JUN 2019
The $6.5 billion superannuation fund is "substantially" reducing premiums for younger members at the expense of members aged 50 and over. LUCRF Super is changing death and TPD, and death insurance cover from July 1 as part of the new Protecting Your ...

Risk commission changes imperil advice practices

KARREN VERGARA  |  WEDNESDAY, 5 JUN 2019
... zero. Meanwhile, advisers are still coming to terms with the Life Insurance Framework which, as of 1 January 2019, meant premiums had to be capped at 70%; a 20% trailing commission is charged thereafter. From 1 January 2020, the cap reduces to 60%, with ...

Super figures point to NSW victory

HARRISON WORLEY  |  WEDNESDAY, 5 JUN 2019
... among the top 10 funds in the country Lifecycle products among the top 10 Average fees Default death and TPD insurance premiums Default income protection premiums Starting with the number of MySuper products ranking inside the top 10 across the nation ...

Super fund increases premiums

KARREN VERGARA  |  FRIDAY, 31 MAY 2019
A $1.5 billion superannuation fund will increase life insurance premiums as a result of the Protecting Your Super Package reforms. New and existing REI Super members will pay more for death and TPD cover from 1 July 2019. They join the ranks of AustralianSuper ...

Tobacco company launches life insurance offering

KARREN VERGARA  |  FRIDAY, 17 MAY 2019
... launch life insurance products via its UK subsidiary reviti. Reviti's London-based chief executive Daniel Pender said premiums will get cheaper as customers improve their lifestyle - starting by quitting smoking. Premiums start at £5 ($9) per month. ...

Super funds grapple with PYSP deadline

KARREN VERGARA  |  FRIDAY, 10 MAY 2019
... retirement or pension phase products; and Implementation of second-order impacts, such as increases in group life insurance premiums. These challenges highlight the importance of thorough industry consultation in the drafting of legislation, common regulatory ...

Communication fails to keep member interests at heart

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2019
... the PYSP Act, how they'd benefit from unnecessary cover and how it would help their retirement savings from unduly premiums. ASIC wrote to trustees in April warning of communicating information in a balanced and factual way that is not misleading ...