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Showing 451 - 460 of 994 results for "Premiums"

Industry fund signs super code, slashes premiums

JAMIE WILLIAMSON  |  TUESDAY, 27 MAR 2018
... latest signatory to the Insurance in Superannuation Voluntary Code of Practice, announcing it will drop TPD insurance premiums by an average of 20% at the same time. Signing up to the code from March 31, Sunsuper believes it will be the first fund to ...

O'Dwyer flags government intervention on insurance in super code

KARREN VERGARA  |  THURSDAY, 22 MAR 2018
... prepared to take matters into its own hands because superannuation funds still aren't doing enough to stop life insurance premiums unduly eroding retirement savings. Kelly O'Dwyer expressed her frustration with the industry's inertia at yesterday's Financial ...

Super industry wants tougher insurance code

KARREN VERGARA  |  MONDAY, 19 MAR 2018
... balance erosion. After 13 months of inactive contributions, funds will automatically cease charging income protection premiums; this also applies to death and total and permanent disability premiums, albeit for balances less than $6000. Association of ...

MetLife expands retail life business

KARREN VERGARA  |  WEDNESDAY, 14 MAR 2018
... renewed its partnership in January with $11 billion industry fund MTAA Super to June 2020. The deal saw default insurance premiums for 16 to 21-year-old members drop from $4.82 per week to $2.89 per week, effective 28 October 2017. All MTAA members meanwhile ...

Advisers reckoning with direct risk sales growth: Research

KARREN VERGARA  |  WEDNESDAY, 7 MAR 2018
... from direct channels such as telephone or online marketing. Direct purchases accounted for about 20% of in-force annual premiums worth $9.7 billion at the end of September 2017 (comprising $7bn of lump sum and $2.7bn of income). Aligned dealer groups ...

AXA inks $20 billion deal, pivots insurance business strategy

JAMIE WILLIAMSON  |  TUESDAY, 6 MAR 2018
... to 50%. He added the deal will see AXA become the top global property and casualty insurance provider by gross written premiums, as its profile is significantly rebalanced toward insurance risks and away from financial risks. "The transaction offers ...

YBR's wealth arm gaining ground

KARREN VERGARA  |  MONDAY, 26 FEB 2018
... Revenue was up 5%, while costs were down by 4%. Funds under management (FUM) increased by 56% to $1.4 billion, while premiums under management (PUM) grew 20% to $17.6 million year-on-year.

AustralianSuper slashes insurance premiums

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2018
Australia's largest superannuation fund is reducing insurance premiums that will save members $100 million over the next financial year. From May 2018, AustralianSuper and life insurance partner TAL will decrease life insurance premiums by 14% for death ...

ClearView issues refunds over life sales misconduct

JAMIE WILLIAMSON  |  TUESDAY, 6 FEB 2018
... English as their first language. ASIC raised concerns that ClearView staff made misleading statements about the cover, premiums and impact of pre-existing conditions; failed to clearly obtain consent to purchase the cover before processing premium payments ...

ASIC shines spotlight on insurance advice

DARREN SNYDER  |  THURSDAY, 25 JAN 2018
... insurance arrangements within a new superannuation platform meant the customer was paying significantly higher insurance premiums on a like-for-like basis. Finally, "the advice to move to a new superannuation platform resulted in a significant increase ...