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Showing 581 - 590 of 2274 results for "Premium"

IFM impersonated in scam

ELIZA BAVIN  |  THURSDAY, 14 JAN 2021
... share was for Aleatica Mexico's shares. "In fact... IFM does value Aleatica MX (and not the holding company) at a premium of more than 100% compared to its quoted price, and IFM deliberately tried to mislead the chair of the Committee," the report ...

Rice Warner weighs in on Your Future, Your Super

KARREN VERGARA  |  THURSDAY, 14 JAN 2021
Rice Warner has made several recommendations to the Your Future, Your Super package of reforms that the government and superannuation industry should not overlook. Under the new stapling measure, Rice Warner has two areas of concern. The first is that ...

HESTA hikes group insurance premiums again

KANIKA SOOD  |  TUESDAY, 12 JAN 2021
For the second time in a year, the $52 billion superannuation fund is increasing the total cost of its standard group insurance cover for members. HESTA's standard insurance cover -- which eligible members automatically receive upon signing up unless ...

MLC Life Insurance raises $650 million

KANIKA SOOD  |  WEDNESDAY, 6 JAN 2021
The insurer received a $650 million capital injection just before Christmas, as its majority owner Nippon Life sees the risk of MLC Life's "stagnant" business performance continuing beyond 2021. The raise includes $530 million in ordinary equity, priced ...

FS team picks: The top stories for 2020

ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 17 DEC 2020
... sure to be a year we all remember, for the super industry it was undoubtedly the year of the merger, fee reductions and premium increases. There's no denying the superannuation industry is a secretive one, and large swathes of it go unreported. Of ...

AIA to launch income protection product

KARREN VERGARA  |  WEDNESDAY, 16 DEC 2020
... benefits to meet customer needs and expectations, he said, noting that it also poses far less risk in the event of unexpected premium increases. "The early launch is designed to ensure advisers can begin transitioning their education, business and customers ...

Retail fund ups premiums

ELIZABETH MCARTHUR  |  TUESDAY, 15 DEC 2020
A retail superannuation fund will increase premiums on income protection policies from 2021. Living Super, ING's super offering, will up income protection premiums by 23% from 8 January 2021. "Our focus is to provide a great value product with competitive ...

ASIC explores value for money in default group insurance

ELIZABETH MCARTHUR  |  MONDAY, 14 DEC 2020
ASIC has published a new report, aiming to determine whether consumers are receiving value for money in default insurance in superannuation. Report 675 Default insurance in superannuation: Member value for money explores metrics that ASIC said can help ...

Kiwi firm rejects AustralianSuper takeover bid

KARREN VERGARA  |  WEDNESDAY, 9 DEC 2020
... increased to NZ$5.79 per share on November 27. Yesterday, the super fund revised it to NZ$7.43 per share, factoring in a 28.1% premium on IFT's closing share price on December 4. IFT cited other "unattractive" aspects of the offer, one being meeting ...

Vision Super increases premiums

ELIZABETH MCARTHUR  |  TUESDAY, 8 DEC 2020
... annually to $247.50 annually. "Our focus is always on keeping costs as low as possible for members, and Vision Super's last premium increase was in 2015 - over five years ago," a spokesperson for Vision Super said. "Premiums have risen across the super ...