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Showing 21 - 30 of 84 results for "Interests First"

Retail fund ups premiums

ELIZABETH MCARTHUR  |  TUESDAY, 15 DEC 2020
... income protection premiums recently. Many of the funds said that the Protecting Your Super and Putting Members' Interests First reforms had triggered an exodus from group policies - decreasing the insured pool and increasing the cost for those remaining ...

Underinsurance gap worsens: Research

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
... Voluntary Code of Practice, Life Insurance Framework reforms, Protecting Your Super (PYS)/ Putting Members' Interests First (PMIF) legislation and COVID-19, according to the firm's 2020 underinsurance report. The PYS and PMIF legislation in particular ...

Successor fund transfer finalised

ELIZABETH MCARTHUR  |  TUESDAY, 17 NOV 2020
... transferred to Sunsuper, with a few changes to align the insurance with Sunsuper's offering and the Putting Members' Interests First legislation. For example, the IAG & NRMA plan adjusted insurance when age or salaries changed, but Sunsuper adjusts insurance ...

Industry fund hikes income protection premiums

ANNABELLE DICKSON  |  FRIDAY, 16 OCT 2020
... attributes the rise in premiums to the recent changes in legislation, Protecting Your Super and Putting Members' Interests First, which has triggered an exodus members holding insurance within superannuation. "As a result, Media Super, like many super ...

Hostplus freezes premiums

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 OCT 2020
... insurance premiums recently after legislative changes including the Protecting Your Super and Putting Members' Interests First packages saw the pool of insured accounts decrease. REI Super, Tasplan, legalsuper and Intrust Super all recently increased ...

REI Super ups insurance premiums

ELIZABETH MCARTHUR  |  THURSDAY, 8 OCT 2020
... cover will increase from $1.67 to $2.01. The fund said following the implementation of the Putting Members' Interests First reforms the increase in insurance prices was necessary, but that it had "negotiated strongly" with group insurer MetLife to ...

Group risk inflows fall 15%

ALLY SELBY  |  MONDAY, 28 SEP 2020
... 2019 (to protect super savings from unnecessary erosion by fees and insurance costs) and the 'Putting Member's Interests First' legislation, which came into effect on April 1 earlier this year (to ensure members aren't paying insurance fees for cover ...

Legalsuper appoints executive, increases premiums

JAMIE WILLIAMSON  |  MONDAY, 14 SEP 2020
... depending on age and gender. The fund said the increases are a result of the Protecting Your Super and Putting Members Interests First legislative changes. The fund also cites the Early Release of Superannuation scheme as a driver, with APRA stats out ...

Count Financial faces class action

ANNABELLE DICKSON  |  FRIDAY, 4 SEP 2020
... policies with lower premiums from alternative insurers," Allsopp said. "Instead of putting their clients' best interests first, the planners were incentivised by commissions and other benefits to funnel people into expensive CommInsure policies. "Customers ...

Link suffers in COVID environment

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
... said. "We successfully worked through various legislations including Protecting Your Super (PYS), Putting Members Interests First (PMIF) and the COVID-19 ERS scheme. All of these initiatives required a high level of investment of resources and time ...