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Showing 1 - 10 of 347 results for "insurance premiums"

Rest faces class action over IP premiums

CHLOE WALKER  |  MONDAY, 19 FEB 2024
... members who paid a premium for no benefit," Boustani said. "As a result, we're seeking compensation for insurance premiums which we allege were unfairly deducted, as well as investment returns and administration costs." The action is being funded ...

iExtend finds interim arrangement to operate

KARREN VERGARA  |  TUESDAY, 6 FEB 2024
... lower level but will no longer have to pay the premiums. ASIC was concerned iExtend was offering to pay life insurance premiums for individuals in exchange for a share of the benefit if a claim was made. To do so, iExtend acquired interests in policies ...

ASIC to tighten grip on super fund misdemeanours

ANDREW MCKEAN  |  FRIDAY, 2 FEB 2024
... AustralianSuper members were affected, costing members approximately $69 million in multiple sets of fees and insurance premiums and lost investment earnings on those amounts. "Unintended multiple accounts remain a significant issue for Australian consumers ...

Qantas Super reduces premiums again

KARREN VERGARA  |  TUESDAY, 23 JAN 2024
Qantas Super has again reduced its insurance premiums six months after it made a round of cuts. On January 1, Qantas Super premiums for income protection reduced by 13%, while rates for default and voluntary death and total and permanent disablement ...

ASIC investigates iExtend over possible unlicensed conduct

CHLOE WALKER  |  THURSDAY, 23 NOV 2023
... section 911A of the Corporations Act. ASIC said it was also concerned iExtend had been offering to pay life insurance premiums for individuals in exchange for a share of the benefit if a claim was made. To do so, iExtend acquired interests in life insurance ...

Australian Unity sells advice arm to Fortnum, Nestworth

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
... approximately 60,000 Australians. It will manage over $40 billion in funds under advice, $200 million in life insurance premiums, and leverage a network of 400 advisers across Australia. Australian Unity wealth and capital markets chief executive Esther ...

ASIC bans former risk adviser

CASSANDRA BALDINI  |  THURSDAY, 5 OCT 2023
... Durant has been banned by the regulator for three years after he was found to have told clients to deposit insurance premiums directly into his personal account. Durant is prohibited from providing financial services, controlling an entity that carries ...

Super funds offer merger update

JAMIE WILLIAMSON  |  TUESDAY, 3 OCT 2023
... retirement savings elsewhere. As part of the merger, CBA Group Super said most members will see a decrease in insurance premiums across death, TPD, and salary continuance cover. Death and TPD premiums are expected to drop by an average of 26%, while ...

ClearView welcomes chief of staff

CASSANDRA BALDINI  |  MONDAY, 18 SEP 2023
... in-force premiums and new business. As of 30 June 2023, the group said it had $305.9 million in in-force life insurance premiums. It further reported a 41% increase in underlying net profit after tax of $36.5 million and a 25% increase in new business ...

Spirit Super introduces insurance admin fee

JAMIE WILLIAMSON  |  MONDAY, 11 SEP 2023
... costs go up, Spirit Super is introducing an insurance administration fee at the end of the month. While their insurance premiums and the amount of cover will remain as is, from September 30 Spirit Super members will start paying an insurance administration ...
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