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Showing 1 - 10 of 381 results for "Insurance premiums"

Mercer Super fined $10.3m for reportable situations failures

KARREN VERGARA  |  MONDAY, 29 JUN 2026
... to update some member accounts leading to higher fees and less favourable insurance arrangements, charging insurance premiums after a member's death, and not providing death and permanent disability insurance cover for some eligible members. Finally ...

Insurance premiums to drop for HESTA members

JAMIE WILLIAMSON  |  THURSDAY, 7 MAY 2026
The cost of insurance for most HESTA members is dropping across all cover types by an average of 12%. From July 1, members will pay less for the same level of death, total and permanent disability (TPD), and income protection cover. On average, the ...

Cbus members to see 46% increase in insurance fees

ELIZA BAVIN  |  MONDAY, 4 MAY 2026
... at work - including for high-risk roles common in construction." Cbus is not the only fund to have increased insurance premiums as a result of increased claims. In April, Financial Standard reported members of Commonwealth Super Corporation's Public ...

CSC to increase TPD premiums for PSSap members by 43.5%

JAMIE WILLIAMSON  |  THURSDAY, 2 APR 2026
... increases of more than 40%. A recent review of the PSSap lifePLUS offering, underwritten by AIA Australia, found insurance premiums needed to be adjusted to reflect the rising cost of providing cover, Commonwealth Superannuation Corporation (CSC) told ...

SMEs prepare for Payday Super cashflow crunch

RIDDHIMA TALWANI  |  FRIDAY, 9 JAN 2026
... super earlier so balances can benefit from compounding. Beeson said the reform lands on top of rising wages, insurance premiums, input costs and tax obligations, creating a permanent layer of cashflow compression across the economy. "This will be the ...

Equip Super rejigs insurance fees, policy terms

KARREN VERGARA  |  WEDNESDAY, 3 SEP 2025
Equip Super will roll out several changes to insurance premiums and policy terms from October that will affect most accumulation and defined benefit members. Equip Super accumulation and defined benefit members will see their premiums reduce for total ...

Mercer Super sued over 'longstanding and systemic' failures

JAMIE WILLIAMSON  |  THURSDAY, 14 AUG 2025
... significant breach of a core obligation. The investigations, ASIC alleges, related to a range of issues including insurance premiums not being refunded correctly after members had died; member accounts not being created with default insurance; incorrect ...

AMP actions impacted 'hundreds of thousands' of customers: Shine

ELIZA BAVIN  |  FRIDAY, 4 JUL 2025
... Federal Court of Victoria on behalf of hundreds of thousands of Australians who it alleges were charged excessive insurance premiums within AMP superannuation funds and insured by AMP Life. The firm alleges that NM Superannuation Pty Limited and AMP ...

Group insurance premiums paid by super funds up 7%

ANDREW MCKEAN  |  TUESDAY, 24 JUN 2025
Group insurance premiums paid through APRA-regulated superannuation funds rose by 7% in 2023-24, taking total premiums up to $9.5 billion, according to Rainmaker Information. Meanwhile, group insurance claims paid rose 16% in 2023-24 to a record $5.8 ...

ART makes sweeping changes to corporate super plans

ELIZA BAVIN  |  MONDAY, 23 JUN 2025
... Evolution Mining Superannuation Plan. "It is important to note that this insurance fee is incorporated into the insurance premiums and are paid by your employer," ART said. Meanwhile, members of the ALS Limited Superannuation Plan will see changes to ...
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