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Showing 61 - 70 of 380 results for "Insurance premiums"

Retirees doing it tough: ASFA

CHLOE WALKER  |  THURSDAY, 2 JUN 2022
... health costs, with a modest couple having to budget at least $102.27 for healthcare costs weekly. Private health insurance premiums rose on average by 2.7 % from 1 April with some major insurers increasing premiums by more than 3%. Other items that increased ...

Industry groups welcome Labor government

ANDREW MCKEAN  |  MONDAY, 23 MAY 2022
... weather. The Labor and Insurance Council policies were also in accordance with putting downward pressure on insurance premiums. The ICA's proposed $2 billion, five-year investment is projected to reduce financial costs to Australian governments and ...

Cbus announces changes to admin fees, premiums

JAMIE WILLIAMSON  |  WEDNESDAY, 11 MAY 2022
... to invest in the Fund's internal capabilities." However, at the same time, some Cbus members will see their insurance premiums go up from July. Cbus has said that while premiums on death and TPD will reduce for most younger members, members aged 35 and ...

AustralianSuper drops premiums

JAMIE WILLIAMSON  |  THURSDAY, 14 APR 2022
AustralianSuper is decreasing some of its insurance premiums from May end, with members to see an average drop of 11%. From May 28, the cost of death, TPD and income protection will change depending on their cover type and work rating, the fund said. ...

BT Funds Management fined $20m

JAMIE WILLIAMSON  |  FRIDAY, 8 APR 2022
... commission payments to superannuation members for seven years after they were banned. BT Funds Management charged insurance premiums that included commissions to close to 10,000 members of Asgard Independence Plan Division Two through to 2020, despite ...

Westpac fined $1.5m for mis-selling insurance

ANDREW MCKEAN  |  FRIDAY, 8 APR 2022
... between April-July 2015. Moreover, Westpac sent a letter to each customer to assert the right to payment of insurance premiums and debited these amounts from the customer's credit card or facility. The Court found Westpac didn't have the right to these ...

Action on super gap slow, small

ELIZABETH MCARTHUR  |  TUESDAY, 8 MAR 2022
... super balances topped up when parents are not earning an income. Other members of the industry have suggested insurance premiums shouldn't be charged in super on parental leave so balances are not eroded. "An incoming government needs to prioritise long-overdue ...

Cbus, Media Super set merger date

JAMIE WILLIAMSON  |  WEDNESDAY, 23 FEB 2022
... still below the MySuper average of 1.08%, coming in at 0.91%. Meanwhile, most members will see a 2% decrease in insurance premiums. Where a 40-year-old member may have paid $1 a week for $85,294 in death and TPD cover under Media Super's existing ...

Federal Court imposes $4m penalty on industry fund

CHLOE WALKER  |  TUESDAY, 18 JAN 2022
... within their superannuation where their insurance cover had lapsed. Statewide was found to have overcharged insurance premiums of at least $2.5 million to some fund members. Statewide also failed to report these issues within10 days of becoming aware ...

Media Super apologises for major calculator error

JAMIE WILLIAMSON  |  THURSDAY, 6 JAN 2022
... projected super balances and how long a balance may last based on, among other things, assumed administration fees, insurance premiums and investment returns. According to the apology sent by Media Super, the fund realised in September 2021 that the ...