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Showing 541 - 550 of 2274 results for "Premium"

Life industry to launch framework

ANNABELLE DICKSON  |  WEDNESDAY, 21 APR 2021
The life insurance industry is developing a Professional Standards Framework for all claims and underwriting professionals, with support from the Australian and New Zealand Institute of Insurance and Finance (ANZIIF). The framework is being developed ...

Government merges advice reviews

KARREN VERGARA  |  WEDNESDAY, 21 APR 2021
... reforms commenced on 1 January 2018, which capped upfront commissions on life insurance products at 88% in the first year's premium. The three-year transitional period is due for a review in 2022. Hume also flagged with confidence that the long-awaited ...

Adviser-led TPD claim admittance rates fall

KANIKA SOOD  |  TUESDAY, 20 APR 2021
New data from APRA and ASIC shows 81% of adviser-led TPD claims were admitted in 2020, down from 87% two years ago. The joint claims data published by APRA and ASIC included death, total and permanent disability (TPD), trauma, and disability income ...

Former Aon Hewitt adviser banned

ELIZABETH MCARTHUR  |  TUESDAY, 20 APR 2021
ASIC has banned a former authorised representative of Aon Hewitt from providing financial services for four years. Andrew Hills has been banned following ASIC surveillance. He was an authorised representative of Aon Hewitt from February 2009 to December ...

Mainstream moves forward with SS&C

ANNABELLE DICKSON  |  MONDAY, 19 APR 2021
... share, valuing the company at $285.7 million. The valuation is 25.8x Mainstream's EBDITDA guidance and is an 87.2% premium to its equity of $152.6 million. SS&C's offer is at a 67% premium to Vistra's offer. As such, Mainstream has notified ...

Mainstream obtains superior takeover offer

ANNABELLE DICKSON  |  TUESDAY, 13 APR 2021
... per share, valuing Mainstream at $285.7 million. The valuation is 25.8x Mainstream's EBDITDA guidance and is an 87.2% premium to its equity of $152.6 million. SS&C's offer is at a 67% premium to Vistra's offer. As such, Mainstream has notified Vistra ...

Junk insurance lands Westpac in court

KARREN VERGARA  |  THURSDAY, 8 APR 2021
ASIC is taking Westpac to the Federal Court, alleging it sold junk credit insurance to 384 customers that did not want it and whose accounts were unlawfully debited to pay for the premiums. The corporate regulator has exposed dodgy sales of add-on insurance ...

Spirit Super drops fees after merger

KANIKA SOOD  |  THURSDAY, 1 APR 2021
... increased its income protection premiums in September 2020 by 7% ahead of the merger. MTAA attributed its February 2021 premium hike to COVID-19 and government reforms, and the February 2020 hike to Putting Members Interests First and Protecting Your ...

MetLife expands virtual health service

KARREN VERGARA  |  THURSDAY, 1 APR 2021
... a new retail policy, MetLife will guarantee there will be no unexpected increases to the base rates of a client's premium.

Unlisted assets deliver modest returns

KARREN VERGARA  |  WEDNESDAY, 31 MAR 2021
... lowers volatility. The research house found that MySuper funds invested in unlisted assets did not deliver a performance premium. "This is demonstrated by the correlation matrix that shows that MySuper investment returns across the group to have very ...