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TPD
Insurance
The Federal Court has ruled in favour of QSuper regarding non-payment of a total and permanent disablement benefit to a member....
Insurance
The prudential regulator is collecting more granular data on insurance premiums given the deteriorating experience in individual disability income insurance....
Insurance
Superannuation trustees have more work to do with their insurer to improve restrictive definitions, claims handling, and insurance data, according to the corporate regula...
Features and Analysis
Many of the objectives of the Government’s changes to insurance in superannuation may have been laudable but one of the outcomes has been higher premiums and higher costs...
Insurance
The corporate regulator’s report on life insurance in superannuation found there was value for money in the products but it also highlighted areas that needed addressing,...
Insurance
The latest Australian Prudential Regulation Authority has confirmed the value of group insurance within superannuation. ...
Insurance
Some members would see an increase in premiums with an average increase of 30% while others would have significant reductions....
Institutional investment
A lawyer has hit back at claims that insurance inside superannuation is not suitable for mental health conditions as it is “demonstrably incorrect”. ...
Insurance
Men are significantly claiming more accidents than women, and women have more mental health claims, according to data. ...
Insurance
Five terminal illness claims and two death claims have already been turned away by Hostplus for members unaware of the PYS changes and the fund believes this is just the ...
Expert Analysis
While ASIC’s TPD report is an important step to restoring consumer confidence there is still work to be done. ...
Insurance
ASIC has found that 60% of ‘activities of daily living’ claims are declined and AMP, Asteron, and Westpac had decline rates higher than expected....
From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...