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Showing 1 - 10 of 56 results for may aia australia

AvSuper prepares members for merger, fee changes

KARREN VERGARA  |  FRIDAY, 22 MAR 2024
... investment, administration, and insurance fees increase. AvSuper will join the $280 billion ART with its 2.3 million members on May 1. Public offer members will see administration costs change from $0.50 per week plus 0.19% p.a. of the account balance ...

MetLife Australia hires chief operating officer

JAMIE WILLIAMSON  |  FRIDAY, 2 FEB 2024
... Lacheur joins from AIA where she was most recently acting chief customer operations and claims officer. She first joined AIA in May 2020 following its acquisition of CommInsure Life. In all, Lacheur spent about 15 years with CommInsure, climbing the ...

ESSSuper reduces admin fees, renews insurance mandate

JAMIE WILLIAMSON  |  MONDAY, 5 JUN 2023
... administration fee reduction of 0.05%... It will be applied by adjusting the unit prices for Accumulation Plan investment options on 31 May 2023." Last year, ESSSuper transitioned to Iress for administration, having previously carried out the function ...

AIA launches retail rewards program

KARREN VERGARA  |  TUESDAY, 18 APR 2023
... out to advisers who have clients with a progressive condition where a previous claim has been declined, to determine if they may be eligible to make a new claim under an upgraded definition. Mu added that smoking, drinking alcohol, nutrition, physical ...

Advice complaints decelerate: AFCA

KARREN VERGARA  |  WEDNESDAY, 8 MAR 2023
... advice Shail Singh told the annual AIA Adviser Summit. Several key issues have emerged from complaints filed in 2022, which may have declined but tended to be more complex in nature. One example, Singh said, is advisers taking low-balance SMSFs and moving ...

What you read in 2022

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
... sustainability of the fund" as well as the best financial interests of members. 4. Westpac offloads BT super to Mercer In May, Westpac confirmed it signed a successor funds transfer with Mercer which saw all of its superannuation funds transferred to ...

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
... had pre-existing health conditions or disabilities when they took out the insurance. Slater and Gordon added some customers may have never provided their consent to purchase the policies, were not informed that the insurance was optional, and didn't ...

Vanguard Super reignites fee war with launch

JAMIE WILLIAMSON  |  FRIDAY, 11 NOV 2022
... saying: "This new fund is going to be a massive disruptor to Australia's superannuation system, and in a great way. They may not trouble the really big, long-established power funds, but smaller, mid-size or funds less sure of their footing will ...

Insurers are 'fishing' for non-disclosures: ASIC

ANDREW MCKEAN  |  FRIDAY, 2 SEP 2022
... mental health non-disclosure. Physical surveillance was used in 10 mental health claims and ASIC considers that surveillance may have been unwarranted in at least half of these cases. "Use of surveillance may have been unwarranted in 17.5% of claims ...

AvSuper, Commonwealth Super Corporation explore merger

JAMIE WILLIAMSON  |  WEDNESDAY, 4 MAY 2022
... both committed to 'serving those who serve'." Having some shared service providers suggests a merger between the two may be streamlined, with both using Mercer as administrator and AIA as group insurer. AvSuper appointed AIA in March, switching ...
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