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Showing 71 - 80 of 166 results for %22Members Interests First Bill%22

Sunsuper ups TPD premiums

KARREN VERGARA  |  WEDNESDAY, 11 NOV 2020
... increase premiums for total and permanent disability insurance from 1 January 2021. This is the first increase for Sunsuper members since 2014. A 35-year-old female with default cover for example, will pay an additional $0.52 per week or $27.04 per year. ...

Industry fund hikes income protection premiums

ANNABELLE DICKSON  |  FRIDAY, 16 OCT 2020
... premiums for default and non-default income protection. The premiums will increase from 1 December 2020 and will apply to members who receive automatic default income protection cover and any members who apply for the cover from the date it changes. ...

Hostplus freezes premiums

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 OCT 2020
As life insurance premiums continue to soar, industry fund Hostplus has managed to negotiate a premium freeze for members. The $48 billion super fund has secured a three-year freeze, which will maintain the current rate of death and total and permanent ...

REI Super ups insurance premiums

ELIZABETH MCARTHUR  |  THURSDAY, 8 OCT 2020
... second time in 18 months, blaming the Putting Members' Interest First legislation. Insurance premiums for REI Super members eligible for standard rates on death and total and permanent disability (TPD) will increase from $1.66 a week to $2.12 a week. ...

Legalsuper appoints executive, increases premiums

JAMIE WILLIAMSON  |  MONDAY, 14 SEP 2020
... depending on age and gender. The fund said the increases are a result of the Protecting Your Super and Putting Members Interests First legislative changes. The fund also cites the Early Release of Superannuation scheme as a driver, with APRA stats out ...

UK pensions to factor in climate change risk

JAMIE WILLIAMSON  |  FRIDAY, 4 SEP 2020
UK pension funds may soon be required by law to report on the risks climate change could have on their members' investments, becoming the first major economy to do so. Speaking last week, the UK's work and pensions secretary Therese Coffey proposed ...

Link suffers in COVID environment

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
... said. "We successfully worked through various legislations including Protecting Your Super (PYS), Putting Members Interests First (PMIF) and the COVID-19 ERS scheme. All of these initiatives required a high level of investment of resources and time ...

Hostplus ups income protection premiums by 73%

ELIZABETH MCARTHUR  |  MONDAY, 24 AUG 2020
... a significant event notice to members that the changes to premiums were necessary because the Putting Members Interests First and Protecting Your Super reforms had reduced the number of members with insurance. "The introduction of these reforms has resulted ...

Life insurance needs to prove value

ANNABELLE DICKSON  |  WEDNESDAY, 29 JUL 2020
... paid out billions of dollars to Australians last year. However, the industry needs to focus on creating awareness for its members as it is faced with negative sentiment, specifically around group insurance, the FSC Life Insurance Summit has heard. KPMG ...

First State to dump $40m of thermal coal holdings

ALLY SELBY  |  THURSDAY, 9 JUL 2020
... remit over the coming months, as part of the super fund's steps towards protecting the "long-term interests of [its] members". "It is essential that as a responsible owner super funds set strong, ambitious and transparent targets to deliver the kind ...