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Showing 1 - 10 of 100+ results for "Premium"

OnePath to remediate over pressure selling

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
... the phone between 2010 and 2016 using pressure selling tactics. These tactics included promoting a deferral of the first premium payment and using the cooling off period as an inducement to buy the product. The insurer was also found to have failed to ...

Advice engagement jumps during COVID-19

KARREN VERGARA  |  FRIDAY, 9 JUL 2021
... seen advisers apply themselves to also help clients access relief measures, rent reductions and short-term life insurance premium waivers. As a result, many are riding a wave of positive consumer sentiment and increased demand," he said.." More than ...

Lying rife in life insurance applications

ANNABELLE DICKSON  |  FRIDAY, 9 JUL 2021
Nearly 20% of Australians have lied on their life insurance application to get a cheaper policy, new research shows. Comparison site Finder's latest research revealed 3.8 million people have lied on their life insurance application. Men were found to ...

BT Super for Life ups insurance premiums

KANIKA SOOD  |  TUESDAY, 6 JUL 2021
BT Super for Life will increase the cost of its standard life insurance cover by 13.1% from August 1. The standard cover includes death and TPD. As an example, a 34-year-old male member of BT Super for Life previously paid $11.41 each month for one ...

Life insurance drives economy: Research

ANNABELLE DICKSON  |  TUESDAY, 6 JUL 2021
The life insurance industry has emerged as a key driver of global economic growth, new research shows. The latest MetLife Value of Life Insurance report aims to increase customer engagement and noted life insurance provides stable, long-term investment ...

Westpac sells NZ life business

JAMIE WILLIAMSON  |  TUESDAY, 6 JUL 2021
Westpac announced the sale of its New Zealand life insurance arm, finding a buyer in Fidelity Life Assurance, which is backed by NZ Super Fund. The institution is selling the life insurance division for NZ$400 million ($373 million) in addition to a ...

QSuper, IFM bid for Sydney Airport

ANNABELLE DICKSON  |  MONDAY, 5 JUL 2021
... Airport. The unsolicited, indicative, conditional and non-binding proposal is offering $8.25 per share which equates to a 42% premium on the last closing price. The conditions include UniSuper, which holds 15% of Sydney Airport's securities, agreeing ...

WAM Global to acquire LIC

KANIKA SOOD  |  TUESDAY, 29 JUN 2021
... in looking to acquire LIC Milton Corporation, where SOL already had a shareholding. However, both those LICs trade at a premium to the underlying value of their assets.

Stonehouse acquires risk advice firm

KARREN VERGARA  |  MONDAY, 28 JUN 2021
Stonehouse Financial Group has acquired the books of a long-serving risk adviser who will leave the industry to pursue other interests. Financial adviser Greg Owen has sold his practice GJO Financial Services for an undisclosed amount to Jeremy Chiel ...

Court orders new group definition in CBA advice class action

KANIKA SOOD  |  WEDNESDAY, 23 JUN 2021
... excess premiums or the way they received the advice (within super or outside of it). The respondents wanted the "excess premium" requirement to be included in the group definition. The judge went one step further, adding the excess premiums should have ...
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