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Showing 51 - 60 of 994 results for "Premiums"

Mine Super and TWUSUPER merger official

KARREN VERGARA  |  FRIDAY, 21 MAR 2025
... by 50%, while direct expense recovery fees will lower by 36%. They will also see at least a 2% reduction on insurance premiums. Mine Super and TWUSUPER signed a successor fund transfer deed in September 2023. The merger experienced significant delays ...

Insurance through superannuation stages a comeback

ANDREW MCKEAN  |  TUESDAY, 4 MAR 2025
... sledgehammer to the number of people insured through superannuation for death benefits. Intended to prevent insurance premiums from eroding members' account balances for cover they mightn't need, the reforms saw a reduction of around five million ...

ClearView Wealth's profit bleeds 22% in HY25

MATTHEW WAI  |  FRIDAY, 28 FEB 2025
... restoring the margin from 4% to 11% in the period. However, it sits 2.9% below the previous corresponding period. Gross premiums have, however, increased 8% year on year to $191.4 million. In-force premiums are also up 8% year on year to $387.2 million ...

PM Capital confirms proposal to acquire Platinum funds

ANDREW MCKEAN  |  FRIDAY, 28 FEB 2025
... said its proposals give shareholders in the Platinum funds the option to swap their holdings for its shares at "material premiums" to recent share prices and net tangible assets (NTA) or take a cash-out instead. For its Platinum Capital proposal, shareholders ...

'Less revenue for us': AustralianSuper on closing multiple accounts

ELIZA BAVIN  |  THURSDAY, 27 FEB 2025
... 11 May 2023. More than 90,000 members incurred $69 million in losses from multiple administration fees and insurance premiums and investment earnings.

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
... were 90,788 affected members who incurred about $69 million in losses from multiple administration fees and insurance premiums and investment earnings. Between May and June 2023, AustralianSuper paid about $69 million to 90,000 affected members as part ...

Invest Blue expands offering with new acquisition

ELIZA BAVIN  |  TUESDAY, 17 DEC 2024
... Blue is now one of the largest wealth protection advice providers in the market, with over 30,000 clients and in-force premiums of over $100 million per annum. In September 2023 Ironbark and Invest Blue merged, forming one of Australia's largest diversified ...

Colonial First State completes group insurance review

JAMIE WILLIAMSON  |  THURSDAY, 12 DEC 2024
... pleased to be continuing our partnership with AIA Australia," she said. "Our members will benefit from lower insurance premiums and will have access to a full range of health and wellness programs along with digital servicing tools that will make it ...

NEOS updates medical definitions, labels

KARREN VERGARA  |  FRIDAY, 6 DEC 2024
... occurred before the definition change came into effect." New customers will see updated names to three labels: "Stepped premiums" to "Variable age-stepped premiums"; "Level premiums to age 65" to "Variable premiums to age 65"; and "Level premiums to ...

AustralianSuper to pay $4.2m for delayed claims handling

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
... In May 2023, AustralianSuper announced it would be refunding close to $70 million in administration fees and insurance premiums to about 100,000 members whose multiple accounts had gone undetected. The average impacted member was to receive $650.