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Showing 51 - 60 of 2041 results for "Premium"

Super fund, insurer admin issues draw AFCA complaints

KARREN VERGARA  |  MONDAY, 23 OCT 2023
... organisations in its report. One unnamed life insurer blamed its old policy administration system for failing to communicate premium rate increases to customers over several years that impacted four different policies. Insurers must notify policyholders ...

Inflation data not encouraging: Powell

CASSANDRA BALDINI  |  FRIDAY, 20 OCT 2023
... pre-pandemic levels," he said. Additionally, he said, exits are back to pre-pandemic levels, and the same is true of the wage premium earned by those who change jobs. "Surveys of workers and employers show a return to pre-pandemic levels of tightness ...

AAT overturns ASIC ban on investment guru

CASSANDRA BALDINI  |  FRIDAY, 20 OCT 2023
... wealth creation and asset protection. The price of the courses varied between $5500 and $10,200, Grubisa also offered a premium course which included access to all the other courses together with some supplementary services for a higher fee of $25,000. ...

Equity Trustees offloads Irish business

CHLOE WALKER  |  WEDNESDAY, 18 OCT 2023
... next few months, subject for approval by the Central Bank of Ireland (CBI). While the sale price has not resulted in a premium, it will improve Equity Trustees' profitability and earnings per share from completion," Equity Trustees' managing director ...

AIA restructures retail insurance unit

CASSANDRA BALDINI  |  WEDNESDAY, 18 OCT 2023
... function. AIA said the move will enhance the experience for new AIA Priority Protection clients. Simultaneously, the adviser premium service team will now be led by general manager, retail distribution Craig Parker. Parker will oversee AIA's new ...

Life insurance industry profits double, premiums rise: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 OCT 2023
... disability income insurance policies through advisers," Cummings said. "The economic pressures on consumers and rise in premium costs has contributed to lapse rates starting to increase. Having said that, the lapse rates in 2022 were still lower than ...

How will the Israel-Hamas conflict impact Australia?

CASSANDRA BALDINI  |  TUESDAY, 10 OCT 2023
... mainly triggers volatility in oil prices, which tend to be temporary. "It's not something that remains as a price premium for a long time. What changes that narrative in that historical context is if you see a sustained disruption to oil supply somewhere ...

ASIC bans former risk adviser

CASSANDRA BALDINI  |  THURSDAY, 5 OCT 2023
Former insurance adviser John Durant has been banned by the regulator for three years after he was found to have told clients to deposit insurance premiums directly into his personal account. Durant is prohibited from providing financial services, controlling ...

Super funds offer merger update

JAMIE WILLIAMSON  |  TUESDAY, 3 OCT 2023
While yet to reach a final agreement with Australian Retirement Trust (ART), Commonwealth Bank Group Super has told members they will transfer to the industry fund next month. In February, CBA Group Super announced it was exploring a merger with ART ...

Risk sector grows 4%: Research

KARREN VERGARA  |  FRIDAY, 29 SEP 2023
The life insurance industry climbed 4% to $18.4 billion in the year to June 2023 despite the number of risk advisers fleeing the industry. The latest data from Plan For Life shows that TAL continues to hold the lion's share of the group insurance and ...