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Showing 411 - 420 of 994 results for "Premiums"

Industry fund drops life premiums, pension fees

JAMIE WILLIAMSON  |  THURSDAY, 18 OCT 2018
A $1.5 billion industry superannuation fund is reducing select insurance premiums after renegotiating its group insurance mandate. It also slashed the administration fee on its pension account. Under a new group cover deal with MetLife, REI Super has ...

AMP defends charging dead clients

HARRISON WORLEY  |  THURSDAY, 4 OCT 2018
AMP has defended its practice of charging premiums to dead life insurance customers in a submission to the financial services Royal Commission. The wealth manager continued to deduct life insurance premiums from a deceased customer, even after AMP has ...

Insurance shake-up puts clients first

KARREN VERGARA  |  TUESDAY, 2 OCT 2018
... that may have engaged in misconduct that fell below community standards. AMP may face criminal charges for deducting premiums from deceased members' accounts. CommInsure may have breached statutory obligations for advertising heart attack cover that ...

Zurich helps advisers quantify cost of care

KARREN VERGARA  |  MONDAY, 1 OCT 2018
... Consequently, the advice financial planners deliver will help clients understand why they are paying a certain amount for premiums every month. Given the changes in regulation and technology, maintaining a sustainable insurance business in the future ...

NAB, MLC face class action

JAMIE WILLIAMSON  |  THURSDAY, 27 SEP 2018
... the majority of cardholders were existing NAB customers - but nonetheless pushed the insurance and charged millions in premiums. Customers with existing life and/or income protection insurance were also encouraged to take out insurance on their credit ...

CommInsure, TAL engaged in troubling conduct: Royal Commission

KARREN VERGARA  |  MONDAY, 24 SEP 2018
... members about key exclusions, such as the prescribed minimum balance exclusion in annual statements. It also deducted premiums from the paraplegic member but weren't covered by the policy. Further, Rest deducted income protection premiums from unemployed ...

Choice members worse off in retirement: Research

KARREN VERGARA  |  TUESDAY, 18 SEP 2018
... in super fees in the 12 months to 30 June 2018, rising 10% on the prior corresponding period (this excluded insurance premiums and additional advice fees). Across all products, the average fee stood at 1.23% compared to 1.16% in 2017. The average MySuper ...

AMP defaulted members as smokers: Royal Commission

KARREN VERGARA  |  MONDAY, 17 SEP 2018
An AMP non-smoking superannuation fund member was charged excessive premiums of up to $72,000 after he was unknowingly defaulted as a smoker, the Royal Commission heard this morning. AMP group executive wealth solutions and chief customer officer Paul ...

TAL hired private investigator to follow claimant: Royal Commission

KANIKA SOOD  |  THURSDAY, 13 SEP 2018
... an ombudsman determination came out in the nurse's favour again. It renewed her policy but asked her to pay refunded premiums before it would move to processing her claims, and dropped the premium demands after another intervention. By the time the nurse ...

CommInsure misled FOS: Royal Commission

KARREN VERGARA  |  THURSDAY, 13 SEP 2018
... made and/or rejected. Over the last five years, CMLA sold 18,928 accidental death policies and received $121 million in premiums. Of the 1829 claims made, 88% were denied in full. MLC sold 1684 sold accidental death policies via online, over phone or ...