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Showing 891 - 900 of 2291 results for "Premium"

Life insurers admit to misconduct: Royal Commission

HARRISON WORLEY  |  MONDAY, 10 SEP 2018
This morning the Royal Commission heard about instances of misconduct in the life insurance industry and where conduct fell below community standards and expectations. Opening the sixth round of Royal Commission hearings, counsel assisting Rowena Orr ...

Insurance in super code weak: ASIC

KARREN VERGARA  |  MONDAY, 10 SEP 2018
ASIC's latest review into insurance in superannuation shows the industry still has "significant weaknesses" despite the launch of the voluntary code of practice nine months ago. Over 2017-18, ASIC reviewed 47 superannuation trustees, which included ...

Industry funds launch account matching initiative

KARREN VERGARA  |  MONDAY, 10 SEP 2018
Several industry superannuation funds are teaming up to consolidate multiple accounts estimated to save members $100 million per year. The cross-fund matching initiative will see 18 industry funds consolidate 500,000 low balance, inactive accounts. ...

Advisers warming up to LICs

KANIKA SOOD  |  THURSDAY, 6 SEP 2018
Adviser participation in the IPOs of listed investment companies has jumped by nearly 30% since July last year, according to a leading IPO specialist. SeedPartnerships director Chris Clayton says until last year about 80% of LIC floats were taken up ...

IFM Investors return fees to investors

KANIKA SOOD  |  TUESDAY, 4 SEP 2018
... Investors. The asset was expected to make double-digit returns but underperformed, devalued sharply, and ultimately sold at a premium, generating 7.2% in annual returns.

TAL enhances musculoskeletal underwriting initiative

KARREN VERGARA  |  MONDAY, 3 SEP 2018
Life insurer TAL has enhanced its musculoskeletal underwriting guidelines to manage neck pain and promote spinal health. The refreshed guidelines will enable advisers to better understand why underwriting exclusions are applied following neck pain and ...

WAM Capital announces LIC takeover bid

KARREN VERGARA  |  FRIDAY, 31 AUG 2018
... takeover bid for Wealth Defender Equities Limited (ASX: WDE) overnight for a price of $0.996 per share. This represents a 15% premium based on WDE's one-month volume-weighted average price of $0.866 and pre-tax net tangible assets of $0.9612 as at ...

Direct life insurance failing consumers: ASIC

KARREN VERGARA  |  THURSDAY, 30 AUG 2018
... firms failed to provide adequate information about important aspects of the cover, including key exclusions and future premium increases. They also engaged in pressure selling techniques, including refusing to send out paperwork unless a consumer committed ...

BT overhauls life cover limits and definitions

JAMIE WILLIAMSON  |  WEDNESDAY, 29 AUG 2018
... removing exclusions relating to Children's Benefit and Child Support Benefit. Finally, as of 28 August 2018, a two-year premium rate guarantee will be applied to all new policies. However, this will not be in relation to standard increases or customer-initiated ...

More risk advisers offloading practices

KARREN VERGARA  |  WEDNESDAY, 29 AUG 2018
... Remuneration Act, which came to effect on 1 January 2018. Insurance companies used to receive up to 120% of the first year's premium as a commission, he said. Secondly, the fact that the responsibility period for the commission payment has been stretched ...