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Showing 741 - 750 of 2289 results for "Premium"

Class action accuses CFS of dodgy insurance fees

ELIZABETH MCARTHUR  |  THURSDAY, 23 JAN 2020
Shine Lawyers today filed a class action against Colonial First State alleging that hundreds of thousands of Australians were charged excessive insurance premiums. The action alleges CFS, as Commonwealth Bank's superannuation provider, put members into ...

AustralianSuper ups admin fees

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JAN 2020
AustralianSuper will introduce a new fee for MySuper members from April 2020 to offset the impact of the Protecting Your Super changes. Effective April 1, AustralianSuper's members will start paying the 'Administration fee - Protecting Your ...

New super fund targets millennials

ELIZABETH MCARTHUR  |  TUESDAY, 21 JAN 2020
A newly launched sub-plan of Aracon Super has officially launched, marketed to millennials with a PDS revealing relatively high fees, expensive insurance and big ambitions. Elevate Super launched today, after Financial Standard revealed its plans last ...

What people really think about life commissions

ELIZABETH MCARTHUR  |  TUESDAY, 21 JAN 2020
New research from MetLife suggests that financial advisers should consider multiple payment structures to meet client needs. The MetLife Client-Adviser Relationship Report looked at what clients want from financial advice and life insurance. The research ...

Future of life insurance in doubt: APRA

ELIZABETH MCARTHUR  |  FRIDAY, 17 JAN 2020
... as contributing to turbulent times for the industry in 2019. "The impact of these changes will involve a reduction in premium income to life insurers who operate in the group insurance in superannuation market," APRA acknowledged. The regulator made ...

Free advice for bushfire victims

ELIZA BAVIN  |  MONDAY, 13 JAN 2020
AMP has announced it will provide free financial advice to Australians who have suffered from the current bushfires. AMP said it has partnered with its advisers to offer the pro-bono service which includes general and personal advice and is available ...

Advice group partners with new platform

JAMIE WILLIAMSON  |  WEDNESDAY, 8 JAN 2020
... Powerwrap's offering in recent months, including Suetonius Wealth Management, Sanlam Private Wealth, Newport Private Wealth, Premium Advisory, SBA Advice, Lucerne and Consilium Advice. Powerwrap chief executive Will Davidson said Powerwrap is a strong ...

MLC Life Insurance under review

ELIZA BAVIN  |  TUESDAY, 7 JAN 2020
Australia's life insurance industry is facing deteriorating profitability in relation to income protection products, according to MLC Life Insurance owner Nippon Life. The Japan-based majority shareholder of MLC Life purchased the business off National ...

The super choice of the super wealthy

ELIZA BAVIN  |  WEDNESDAY, 1 JAN 2020
... wealthy Australians, according to new research from Roy Morgan. The research focused on identifying Australia's top premium brands and concluded that UniSuper was the fund of choice for the nations' high-net wealth consumers. The super fund ranked ...

Practice profitability at risk: MLC Life

JAMIE WILLIAMSON  |  FRIDAY, 13 DEC 2019
... renewal commissions, MLC Life found. "Assuming a 20% renewal commission rate (the LIF standard), it would require an annual premium of $2,125 to earn $425, which only covers at most one hour of a client review or change time," the research states. "Grandfathered ...