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Showing 51 - 60 of 79 results for "Default insurance"

Government amends key super reforms

JAMIE WILLIAMSON  |  WEDNESDAY, 14 NOV 2018
... the move follows feedback from stakeholders that workers in dangerous occupations are likely to benefit from default insurance in super as they likely otherwise face barriers to accessing insurance. Occupations that would receive the exception include ...

MetLife scores group insurance mandate

KARREN VERGARA  |  TUESDAY, 9 OCT 2018
... with Tasplan and its members. "We understand the value of insurance in superannuation and the importance of default insurance which offers our members value for money protection," he said. "The member experience is critically important to Tasplan and ...

Foreign owners take over life insurance: KPMG

KARREN VERGARA  |  TUESDAY, 21 AUG 2018
... written inside superannuation has increased - this trend may reverse in the next five years if the changes to default insurance in superannuation announced in the 2018/19 budget are implemented, KPMG warned. The profitability of products such as TPD ...

Unintended consequences for opt-in insurance: KPMG

HARRISON WORLEY  |  WEDNESDAY, 27 JUN 2018
Group life insurance premiums are set to rise if the Federal Government implements proposed changes to default insurance in superannuation, according to KPMG. The firm's latest research forecasts a 50% reduction in group life insurance cover as a result ...

Default life insurance reforms ineffective: Research

KARREN VERGARA  |  WEDNESDAY, 13 JUN 2018
... insurance arrangements could erode anywhere between 14 and 25% of retirement balances. In terms of premiums paid, default insurance in super offers good value for many - but not all - members, the PC noted. Insurance in super is of little or no value ...

Productivity Commission addresses superannuation lottery

DARREN SNYDER  |  TUESDAY, 29 MAY 2018
... insurance arrangements could erode anywhere between 14 and 25% of retirement balances. In terms of premiums paid, default insurance in super offers good value for many - but not all - members, the PC noted. Insurance in super is of little or no value ...

Super industry wants tougher insurance code

KARREN VERGARA  |  MONDAY, 19 MAR 2018
... standardised; and the issue of multiple accounts and unnecessary multiple insurance cover needs more attention; as does default insurance through MySuper. Rowell also told the Superannuation Committee of the Law Council of Australia that the code's enforceability ...

MetLife expands retail life business

KARREN VERGARA  |  WEDNESDAY, 14 MAR 2018
... also 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 ...

AustralianSuper slashes insurance premiums

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2018
... a premium increase," she said. From November 2018, new members joining under the age of 25 will not receive default insurance, but have the option to purchase it. Its latest product, Super Only, aims to protect accounts of members employed under the ...

MetLife awards $11bn custody mandate

KARREN VERGARA  |  TUESDAY, 23 JAN 2018
... MTAA Super announced they renewed a long-standing partnership until June 2020. The pair struck a deal which 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. The $11 billion ...