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Showing 431 - 440 of 994 results for "Premiums"

Suncorp suppressed tax benefits to super members

KARREN VERGARA  |  TUESDAY, 14 AUG 2018
... members that was then remitted to the ATO. As a trustee, SPSL is entitled to certain tax deductions in the form insurance premiums, for example, that give rise to a tax refund. Senior counsel assisting Michael Hodge pointed out that one way of dealing ...

Super fees outpace asset growth: Research

KARREN VERGARA  |  MONDAY, 13 AUG 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 ...

Group insurers pressed for resources

KANIKA SOOD  |  MONDAY, 30 JUL 2018
... Australians. A KPMG report said the changes could reduce group insurance covers by half, and push up the average group life premiums by 26% if collected premiums dropped another 42%. This hike could wipe off 1.4% on an average from women's account ...

Industry fund renews insurer, drops premiums

JAMIE WILLIAMSON  |  FRIDAY, 27 JUL 2018
A $5.3 billion industry superannuation fund has renewed its group insurance mandate, reduced member premiums and removed automatic cover for members under 25. Media Super has reappointed Hannover Life Re as its group insurer from July 1. In doing so ...

Best in show should not dampen competition: Bowen

KANIKA SOOD  |  WEDNESDAY, 25 JUL 2018
... "There is clearly a balance with all this - ensuring that people's superannuation savings are not eroded by insurance premiums for cover that they don't need, while ensuring appropriate insurance arrangements for those who do." The Productivity Commission ...

Chief economist update: Australian dollar loss is economy's gain

BENJAMIN ONG  |  THURSDAY, 12 JUL 2018
... escalating global war on trade; it's because of falling commodity prices; it's because of widening interest rate premiums (in the case against the US) and narrowing interest rates differentials - the ECB, BOJ and BOE are expected to normalise ...

Royal Commission cracks down on life insurance phone sales

KARREN VERGARA  |  THURSDAY, 5 JUL 2018
... properly and in accordance with the law when it sold the policy. "However, as an act of goodwill, we will refund all premiums paid on the above policies, currently 40 totalling $1,890.34, subject to your client's authorisation for us to cancel their ...

Same insurance cover, different price: Research

KARREN VERGARA  |  TUESDAY, 3 JUL 2018
... members under 20 years old, down to $28,000 for members in their 60s. Rainmaker found members tended to pay different premiums for the same level of cover. Rainmaker head of superannuation research Stephen Fay said the significant variation depends on ...

Unintended consequences for opt-in insurance: KPMG

HARRISON WORLEY  |  WEDNESDAY, 27 JUN 2018
Group life insurance premiums are set to rise if the Federal Government implements proposed changes to default insurance in superannuation, according to KPMG. The firm's latest research forecasts a 50% reduction in group life insurance cover as a result ...

Best-in-show list addresses insurance gaps

KARREN VERGARA  |  FRIDAY, 22 JUN 2018
... Weatherhead, head of insurance at AustralianSuper, told the Commission that payout ratios based on a KPMG study stands at 80% of premiums. AustralianSuper estimates among its population, only 0.4% of insurance benefits are not paid based on members having ...