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Showing 71 - 80 of 348 results for "insurance premiums"

Spirit Super drops fees after merger

KANIKA SOOD  |  THURSDAY, 1 APR 2021
... merger, Tasplan switched its MySuper product from lifecycle to single-strategy, and both funds raised their insurance premiums. MTAA increased its group insurance premiums twice; and Tasplan increased its income protection premiums in September 2020 ...

LGIAsuper overhauls insurance, closes product

ELIZA BAVIN  |  MONDAY, 22 MAR 2021
... to its insurance offering and announced the closure of its Lifecycle product. Having maintained its level of insurance premiums charged to members since July 2015, LGIA said an increase in claims has forced fees to increase. "Due to recent government ...

AustralianSuper introduces insurance changes

KARREN VERGARA  |  WEDNESDAY, 17 MAR 2021
AustralianSuper and its insurer TAL are making several changes to insurance premiums that will amend work-cover ratings and see some members pay lower premiums. Following its annual insurance review, Australia's largest superannuation fund, which ...

ASIC takes Statewide Super to court

JAMIE WILLIAMSON  |  THURSDAY, 4 MAR 2021
Just days after taking action against Rest, ASIC has alleged Statewide Super charged insurance premiums to members who didn't hold group cover. ASIC has commenced Federal Court proceedings against the South Australia-based industry superannuation ...

Cost of living eroding super: ASFA

KARREN VERGARA  |  THURSDAY, 4 MAR 2021
... year to live a comfortable retirement. Singles need $44,224 per year. Many retirees had to pay more for health insurance premiums, which increased from 1 October 2020 by around 3%. About 2.2 million Australians aged over 65 have private health insurance ...

Industry fund ups life insurance premiums

JAMIE WILLIAMSON  |  MONDAY, 1 MAR 2021
Members of a $6.7 billion industry superannuation fund will soon see their group insurance premiums rise. LUCRF Super has informed members the cost of death and total and permanent disability, and death only cover as provided by OnePath will go up on ...

Aon, WTW merger will reduce competition: ACCC

ELIZA BAVIN  |  FRIDAY, 19 FEB 2021
... from the markets for commercial risk broking to large customers or those with more complex and/or high-value insurance premiums; reinsurance broking; and employee benefits broking in Australia" ACCC commissioner Stephen Ridgeway said. The regulator said ...

MTAA Super increases premiums amid merger

ELIZABETH MCARTHUR  |  THURSDAY, 18 FEB 2021
... fund MTAA Super, which is due to merge with Tasplan and become Spirit Super on 1 April 2021, has flagged that insurance premiums will be increasing for members. MTAA said that the insurance costs for many members will increase due to government reforms ...

Group insurance using shoddy data: Rice Warner

KARREN VERGARA  |  TUESDAY, 19 JAN 2021
... insurance, of which 86% are set on a default basis, according to ASIC. Members paid an estimated $4.1 billion in insurance premiums in the 2020 financial year alone. With the onset of regulatory reforms, it appears that insurers and super funds aren't ...

HESTA hikes group insurance premiums again

KANIKA SOOD  |  TUESDAY, 12 JAN 2021
... to 13.4% for the age groups below 67. Reilly said it was too early to say what impact COVID-19 would have on insurance premiums. "Changes to HESTA's insurance on 1 April 2020 were impacted by legislative change that meant fewer members were insured. ...