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Showing 441 - 450 of 994 results for "Premiums"

Default life insurance reforms ineffective: Research

KARREN VERGARA  |  WEDNESDAY, 13 JUN 2018
... was being done as a means of "protecting Australians' retirement savings from undue erosion by fees and insurance premiums." The life insurer found the Government's solution to address the erosion of superannuation balances would only benefit members ...

Super protection policy needs improvement

DARREN SNYDER  |  FRIDAY, 1 JUN 2018
... in Super agrees life insurance coverage should be on an opt-in basis for new members under age 25, and that insurance premiums can be a cause of balance erosion for inactive super account balances below $6000, it believes several amendments to the policy ...

Productivity Commission addresses superannuation lottery

DARREN SNYDER  |  TUESDAY, 29 MAY 2018
... change job. The PC said one-third of accounts (about 10 million) are unintended multiples. The excess fees and insurance premiums paid by members on those accounts amount to $2.6 billion every year. "These problems are highly regressive in their impact ...

Life insurers should fund medical rehabilitation: MLC

KANIKA SOOD  |  MONDAY, 21 MAY 2018
... chance to return to health and employment. Other customers should also benefit via lower claims costs and less pressure on premiums," she said. However, the life insurance giant is clear that medical funding from life insurers act as a "supplement" and ...

Government to ban default life insurance in super

ALEX BURKE  |  TUESDAY, 8 MAY 2018
... this was being done as a means of "protecting Australians' retirement savings from undue erosion by fees and insurance premiums." Under the new regime, insurance will move from a default framework to an opt-in extra for those with balances less than ...

Industry fund simplifies super access

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
... entities have worked together since 1988. In November 2017 the super fund reduced the rate of life insurance and TPD premiums by 7%, locked in for three years. It previously did the same for income protection cover.

Industry fund adds board director

JAMIE WILLIAMSON  |  FRIDAY, 13 APR 2018
... like uni students want a super fund that aligns with their values and won't eat up their balance in fees and insurance premiums - and that shows in our growth figures." "Increasingly all of our members - but particularly those younger members - want ...

Default options safeguard retirement savings: Research

JAMIE WILLIAMSON  |  WEDNESDAY, 11 APR 2018
... demonstrates the vast majority of consumers make 'confused' choices. They place too much importance on the upfront insurance premiums and fail to rationally calculate how much they will pay over time. The findings showed individuals living with Alzheimer's ...

Increasing SG is not the answer: O'Dwyer

KARREN VERGARA  |  THURSDAY, 5 APR 2018
... explained. "Again, it is a mandated system so the government has a responsibility to ensure that fees and charges, including premiums for insurance products, are not inappropriately eroding retirement income," she said. In its pre-budget submission ...

Merged super funds save $30m for members

KARREN VERGARA  |  WEDNESDAY, 4 APR 2018
... announced it became a signatory of the Insurance in Superannuation Voluntary Code of Practice and will drop TPD insurance premiums for life product members by an average of 20%. From 1 July 2018, Sunsuper will adopt a tiered cover approach to allow young ...