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Showing 571 - 580 of 994 results for "Premiums"

ASIC accepts EU of former adviser

KERRIE SYDEE  |  WEDNESDAY, 18 MAY 2016
... insurance cover sought was in his clients' best interests, recommended cover where clients were unable to afford insurance premiums and failed to "demonstrate the ability, professional skills and knowledge required to competently provide financial services." ...

PROFILE: Mercer senior partner David Knox

DARREN SNYDER  |  MONDAY, 16 MAY 2016
... longevity pool where the risk of outliving savings is shared among retirees. With no third-party shareholder and no insurance premiums, all profits go to the participants. "I think it's fair to say account-based pensions are popular in Australia, so ...

Government acts on income streams review

DARREN SNYDER  |  WEDNESDAY, 4 MAY 2016
... superannuation funds with DLAs able to be bought pre-retirement, on retirement or post-retirement, with either single or multiple premiums. Challenger said the rules will allow new products to be developed while existing products that meet existing rules ...

Sunsuper overhauls TPD cover

DARREN SNYDER  |  TUESDAY, 26 APR 2016
... product "means that most of our members will see an average reduction of 15% in their combined annual death and TPD Assist premiums." This will work by reducing current TPD rates by about 30%, and partially offset by an approximate 15% increase in death ...

New insurance industry guidance on its way

DARREN SNYDER  |  THURSDAY, 17 MAR 2016
... day-to-day basis," Cox said. He said the schema will also attempt to protect changes from the relationship between claims and premiums; provide better data to standardise tendering processes; encourage standardisation in common areas where it's not sensible ...

Risk sales were flat in 2015

ALEX BURKE  |  TUESDAY, 15 MAR 2016
... previous quarter to $303 million; they were also down 1% on the $306 million December 2014 quarter. Total new annual premiums were down 15% on 2014 to $1.28 billion; only MLC, OnePath, TAL, Zurich and AIA reported increases in lump sum sales over the ...

CommInsure portfolio exec leaves for MetLife

ALEX BURKE  |  THURSDAY, 10 MAR 2016
... net profit after tax to insurers. The group sector is, however, currently facing concerns about rising group insurance premiums due to a rise in claims. However, research suggests that total in-force premiums will continue to rise - DEXX&R predicted ...

Narev apologetic in face of CommInsure allegations

MARK SMITH  |  MONDAY, 7 MAR 2016
... mistakes. If we do make a mistake, we will apologise and put it right." CommInsure collects about $2.5 billion in insurance premiums per year. In 2015 it paid out $850 million of life and income protection payments to 22,000 people and their families. ...

Zurich buys Macquarie Life

MARK SMITH  |  FRIDAY, 4 MAR 2016
... into an agreement to sell its Macquarie Life insurance business to Zurich Australia. The deal will see Zurich's in force premiums go from $370 million to roughly $610 million, effectively increasing the size of the life business by 65%. Rainmaker estimates ...

AIA profit boosted by Asian insurance demand

ALEX BURKE  |  FRIDAY, 26 FEB 2016
... billion). This reflects a 26% growth in the value of new business to US$2.2 billion and a 14% growth in annualised new premiums to US$3.9 billion. "We are delighted to have delivered another excellent performance in 2015, with VONB growth of 26% on a ...