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

JIM 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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Hostplus, Intrust merger now official KANIKA SOOD \| 12:40PM The two funds have confirmed they have signed a successor fund transfer deed to chase a merger, as first revealed by Financial Standard on May 21.	Pandemic delays retirement plans KARREN VERGARA The coronavirus pandemic is forcing over one third of Americans to delay their retirement while a larger cohort are turning to part-time work to supplement their nest egg, a new survey finds.

Cbus invests in NHFIC issues KANIKA SOOD Cbus has invested $51 million in two recent funding rounds from the National Housing Finance and Investment Corporation (NHFIC), taking the fund's total allocation to social and affordable housing to about $140 million.	SG increase to self-fund retirement ANNABELLE DICKSON The latest figures from the Association of Superannuation Funds of Australia (ASFA) show the Superannuation Guarantee increases will double the number of Aussies reaching a comfortable standard of retirement.

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Risk versus return

PAUL SCHRODER
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The pursuit of member outcomes is a fine balancing act of maximising returns and managing risks for AustralianSuper chief risk officer Paul Schroder. Karren Vergara writes.

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Alex Dunnin Executive Director, Research & Compliance Financial Standard	Thulaisi Sivapalan Superannuation specialist, UTS Business School, Tax Fairness Policy Unit University of Technology, Sydney	Martin Fahy Chief Executive Officer Association of Superannuation Funds of Australia	Tim Hext Portfolio Manager Pendal
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So, Vanguard is launching a retail super fund. Again. Frenzied super commentators connvinced this new super fund is going to sweep all before it need ...	A majority of the world envy the Australian Superannuation system. Within approximately three decades, Australia has built and sustained a universal and ...	With unemployment heading to 10% superannuation naysayers have sought to use the worsening economic outlook to call for delays in the legislated move ...	My first year in markets was 1989 and my first trade was buying some bank bills at 18.5%. I should have bought a 30-year bond! Crushing inflation had ...
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Insurance Articles

Insurance Articles

Latest News

Videos

Get it Weekly

Cover Story

Expert Feed

En garde, Vanguard

APRA's little secret

Dignity or despair

Avoiding a double-dip recession

Industry Events

Your Opinion

Do you support a government enquiry into group life insurance in super?