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Showing 51 - 60 of 492 results for "Group insurance"

ESSSuper reduces admin fees, renews insurance mandate

JAMIE WILLIAMSON  |  MONDAY, 5 JUN 2023
... admin fees, citing efficiencies gained through outsourcing administration. Meanwhile, it has also signed a new group insurance contract. Currently, ESSSuper charges members a combination of an account-keeping fee of $52 a year and a percentage-based ...

Martin Fahy to step down as ASFA chief

CASSANDRA BALDINI  |  FRIDAY, 26 MAY 2023
... particularly indebted to Gary Dransfield, for his guidance and leadership over the last two years." Former Suncorp Group Insurance Australia chief executive and current ASFA chair Dransfield commented that Fahy has provided outstanding leadership "and ...

Australian Retirement Trust reduces fees, ups premiums

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... it most, as well as safeguard their financial future." At the same time, ART said it is making changes to its group insurance offering based on feedback from members, including changes to definitions like those used for cognitive function/impairment ...

HESTA revamps insurance offering

JAMIE WILLIAMSON  |  THURSDAY, 4 MAY 2023
... relationship that's been in place since 2017. As a result, effective July 1 the fund will roll out several changes to its group insurance offering. Firstly, fees paid by some members will change, with HESTA saying it believes over 50% of those with standard ...

Superannuation changes limit tax benefits for top earners: ASFA

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
... permanent disability (TPD) cover, and about 3.9 million had temporary disability income replacement insurance through group insurance arrangements in superannuation. The total value of insurance cover amounts to $3.3 trillion. While only a small proportion ...

TAL, AIA dominate group life market

ANDREW MCKEAN  |  WEDNESDAY, 19 APR 2023
... to the latest data on life insurance claims and disputes from APRA and ASIC, TAL is the largest player in the group insurance sector in Australia. TAL leads the life insurance market, boasting a 40.4% market share, insuring 3.9 million lives with annual ...

Super fund selection driven by fees: SCA

ANDREW MCKEAN  |  THURSDAY, 13 APR 2023
... insurance, only half knew their coverage (51%) and costs (54%). Full-time workers were more engaged with their group insurance, being more likely to be familiar with the types of insurance they had, the associated costs, and coverage details. Regarding ...

AustralianSuper to decrease premiums

JAMIE WILLIAMSON  |  MONDAY, 27 MAR 2023
... indirectly caused by their service, other than service in the Australian Defence Force Reserves. AustralianSuper's group insurance is provided by TAL.

Still work to be done on group insurance: ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2023
Superannuation funds need to improve the life insurance they provide members, with ASIC finding trustees have not made sufficient effort to do so since it began targeted work in the area in 2019. Last year, ASIC reviewed the actions of 15 trustees in ...

Rising interest rates tank life insurer performance

KARREN VERGARA  |  WEDNESDAY, 15 MAR 2023
... increase of 20.5% to finish at $1 billion, making it the fifth largest life insurance provider in Australia. The group insurance segment grew 5% to hit $6.9 billion. Individual risk lump sum products rose 1.3% to $7.7 billion, while individual risk income ...