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Showing 71 - 80 of 2041 results for "Premium"

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... agreement with Munich Re. The deal saw Munich Re reinsure half of AMP Life's retail portfolio's $750 million of annual premium income. Building on the initial agreement with Munich Re, AMP extended its collaboration to cover 60% of the AMP Life retail ...

Super funds prime distributor of death, TPD cover

CHLOE WALKER  |  TUESDAY, 15 AUG 2023
Australians paid an estimated $13 billion in death and TPD premiums last year, more than half of which through superannuation funds, Rainmaker Information says. While the amount paid was up 5.5% per annum over the last decade, this rate of growth has ...

Industry fund cuts insurance costs

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
An industry super fund has announced a reduction in weekly insurance premiums for death, terminal illness, TPD, and income protection cover. First Super reduced the weekly cost of its default insurance cover, prompted by fewer than expected claims in ...

Aware Super details new term deposit option

JAMIE WILLIAMSON  |  MONDAY, 31 JUL 2023
Aware Super members with at least $15,000 in their account can now invest their super directly in term deposits, locking in rates currently as high as 5.25%. In April, Financial Standard flagged Aware Super was introducing a term deposit investment ...

Insurance firms defy inflationary shocks

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2023
Life and general insurance companies are withstanding the shocks of inflation as investors look to the sector as a shield from wider economic uncertainties. Financial advice firms that specialise in life insurance are experiencing solid demand from ...

Advisers service 120 clients on average

KARREN VERGARA  |  TUESDAY, 25 JUL 2023
... increasingly seeking greater efficiencies in technology, the 2023 Adviser technology needs report shows, and are willing to pay a premium to access such software. The average number of clients serviced by any single adviser appears to be slowly but surely ...

ASIC lifts ClearView interim stop order

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
ASIC has lifted its interim stop order after ClearView swiftly amended the deficiencies in its Target Market Determination (TMD). The interim stop order applied to Clearview Life's ClearChoice Income Protection Cover and Accidental Income Protection ...

GAM investors make partial offer

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2023
... - have lobbied a proposal to acquire up to 28 million GAM shares in cash at CHF0.55 per share. This represents a 31.9% premium to GAM's closing price on July 17, and of 29.1% when considering Liontrust's closing price of GBP 6.43 on the same day and ...

Cbus informs members of premium changes

JAMIE WILLIAMSON  |  TUESDAY, 4 JUL 2023
Almost all Cbus members will see their death and TPD premiums drop next month, however most of the fund's older members will pay more. Premiums will rise from August 26, members were told, with the industry fund saying the increase for older members ...

Trustees must do better on account consolidation: ASIC

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
Super funds are not doing enough to address duplicate member accounts, with an ASIC review forcing some trustees to remediate members. Under the Superannuation Industry (Supervision) Act 1993, super trustees must have processes in place to tackle multiple ...