Insurance

Insurance Articles

Insurance cover available through superannuation

AMY LEWIS | Comments | FRIDAY, 18 JUN 2021

Superannuation funds typically offer three types of insurance to members. How age makes a difference to superannuation insurance If a member is over 25, most superannuation funds automatically provide ... ... Read more

Life insurance in superannuation: Improving member outcomes

AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY | Comments | TUESDAY, 27 APR 2021

Life and disability insurance are important benefits offered by superannuation funds to Australians. Under the Superannuation Industry (Supervision) Act 1993 (SIS Act), all members in MySuper (default) ... ... Read more

Who gets the superannuation death benefit?

SELWYN BLACK | Comments | FRIDAY, 15 NOV 2019

A considerable proportion of our wealth now sits in superannuation. It is estimated that at the age of retirement (age 60-64) the average Australian will have over $200,000 in their superannuation fund ... ... Read more

Insurance through superannuation: Where to from here?

DEIDRE GROVER | Comments | FRIDAY, 14 JUN 2019

Insurance through superannuation is widely utilised in Australia and plays an important role given the benefits it can provide individuals. However, the deduction of insurance premiums from superannuation ... ... Read more

Total and permanent disability insurance through super

LINDA BRUCE | Comments | FRIDAY, 13 APR 2018

Personal insurance policies, such as death, total & permanent disability (TPD) and income protection insurance, are often held within super. In fact, more than 70 per cent of personal insurance policies ... ... Read more

Turning over a new leaf

EMMA RAPAPORT | Comments | FRIDAY, 11 AUG 2017

On Monday March 7, 2016, the Australian life insurance sector changed forever. With his back to camera, former CommInsure chief medical officer turned whistleblower, Dr Benjamin Koh, alleged to a media ... ... Read more

What's old is new again

CHRISTOPHER BLAXLAND-WALKER | Comments | FRIDAY, 13 JAN 2017

Retaining invaluable knowledge andexperience in the modern advice world Up to 30% of risk-focused advisers are expected to sell their practice and retire in the next few years, driven by the convergence ... ... Read more

People power: Insuring human capital

ALEXIS KOODRIN | Comments | FRIDAY, 16 SEP 2016

Key person insurance All businesses should consider the use of insurance to compensate the business for any financial loss or cost suffered because an insurable event has occurred with respect to a key ... ... Read more

Tax considerations for owning TPD policies

RAHUL SINGH | Comments | FRIDAY, 16 SEP 2016

Prior to 1 July 2014, when considering total and permanent disablement (TPD) insurance, advisers typically considered the advantages and disadvantages of owning the cover inside or outside superannuation ... ... Read more

Life insurance and advice working group

Comments | WEDNESDAY, 27 MAY 2015

Conflicted remuneration structures are the primary cause of poor advice in Australia, and feature in all the major advice scandals spanning the last decade. Conflicted remuneration, if allowed to remain ... ... Read more

Risk at risk

JAMES FERNYHOUGH , LAURA MILLAN | Comments | SUNDAY, 4 AUG 2013

In the wake of the group insurance crisis, super funds are one-by-one renegotiating their contracts with their life insurers. As a result, premiums are rising significantly, in many cases bringing them ... ... Read more

Insurance and superannuation - what works, what doesn't

GRAEME COLLEY | Comments | THURSDAY, 20 SEP 2012

Graeme Colley of the SMSF Professionals Association of Australia (SPAA) explores life insurance options for SMSF investors. ... Read more

Superannuation and insurance: related parties and member cost

KEVIN LIU , BRUCE ARNOLD | Comments | THURSDAY, 20 SEP 2012

This APRA working paper compares premiums paid by by super members to the benefits they receive. ... Read more

Insurance claims taxed - when and why

JONATHAN DE FRIES | Comments | WEDNESDAY, 11 JUL 2012

Advisers working in business insurance have a lot to consider; not only deductibility of premiums, but also the implications of capital gains tax. In this paper, Jon de Fries examines the issue in regards ... ... Read more

Employee benefits- better in super

JEFFREY SCOTT | Comments | TUESDAY, 13 MAR 2012

In this time of fiscal responsibility, businesses need to weigh the costs and benefits of any expenditure. At the same time, employers want to retain good employees and accordingly, many employers are ... ... Read more

Insurance in Superannuation - A Potentially Dangerous Opportunity

STEPHEN GRAHAM | Comments | MONDAY, 4 FEB 2013

According to recent Lifewise / NATSEM research, 95 per cent of Australian families don't have adequate insurance cover. This dramatic level of underinsurance provides a significant opportunity for financial ... ... Read more

Would You Like Insurance With That?

PAUL TRIGG | Comments | MONDAY, 4 FEB 2013

It wasn't too long ago when group life insurance was a small sector with just a handful of serious players. With the proliferation of group and industry super funds, the group risk market is today worth ... ... Read more

Solving the advice paradox by getting the right information at the right price

JAMES MINTO | Comments | MONDAY, 1 JAN 2007

The concept of "simple super" has significantly shifted the goal posts for consumers and for everyone in the industry. It has also helped eliminate some of the complexity which has built up ... ... Read more

Group insurance undergoes a significant change in Australia

MICHAEL ROGERS | Comments | MONDAY, 1 JAN 2007

Group Insurance has always been a tremendous platform for making insurance more accessible to more people, but increased competition and strong economic conditions have meant Group Insurers have had ... Read more

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Retirement Income Covenant hits parliament KARREN VERGARA The Retirement Income Covenant's introduction to parliament yesterday has been welcomed by major industry bodies.	Aware Super chief executive named Fund Executive of the Year CHLOE WALKER Chief executive of Aware Super Deanne Stewart has been awarded the 2021 Fund Executive Association Limited (FEAL) Fund Executive of the Year.

QSuper faces class action over excess premiums JAMIE WILLIAMSON A class action has been filed against QSuper, claiming it overcharged about 140,000 members for life insurance policies by charging almost all members the same despite differing occupations.	Link enters UK pension market ANNABELLE DICKSON Link Group is set to launch retirement solutions in the UK with a range of products to help providers enhance member experience.

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SONYA SAWTELL-RICKSON
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HEALTH EMPLOYEES SUPERANNUATION TRUST AUSTRALIA

In four short years, HESTA chief investment officer Sonya Sawtell-Rickson has transformed the way the industry fund invests. With $64 billion in members' money to look after, she tells Kanika Sood exactly what it takes.

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The 2021 readability scorecard: Australian superannuation funds from Ethos CRS reports on the readability of documents produced by the largest super funds ...	The role of First Nations Foundation is to promote financial literacy among Indigenous Australians, and we believe this is the cornerstone for true economic ...	At Robeco we have been integrating environmental, social and governance (ESG) factors into our investments since 2010. For many years we have held the ...	ESG promotes thoughts and feelings that are warm, hopeful, and kind. This is like the concept of hygge (pronounced "hoo-ga" for those with rusty Danish).
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Insurance Articles

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Latest News

Retirement Income Covenant hits parliament

Aware Super chief executive named Fund Executive of the Year

QSuper faces class action over excess premiums

Link enters UK pension market

Videos

FS Aspire CPD - discover your professional potential

Sometimes, less is more

The value of a community when you're going solo

Investing for income and growth

The search for real yield

Get it Weekly

From corporate reform to system reform

Cover Story

Behind the returns

Expert Feed

Make super documents more readable

Working with Indigenous Australia starts with understanding

Let's be clearer about what ESG integration actually does

ESG is so hygge, but not all is cuddly

Industry Events

Chief Economists Forum

Chief Economists Forum

Advisers Big Day Out - Hobart

Advisers Big Day Out - Bendigo

Advisers Big Day Out - Geelong