The Role of Insurance in Superannuation

On 09/08/2017

When industrial superannuation was built into a wide range of industrial awards 30 years ago, the initial employer contribution was 3% of wages. All funds provided life insurance and most had a flat premium for members of $1 a week, with benefits declining by age in line with the underlying increase in risks. Over the […]

Life Insurance Product Comparison Websites – how useful are they?

On 01/06/2017

Product Comparison Websites (PCWs), also known as aggregators, offer a time-efficient and convenient solution for individuals to compare products offered by the whole life insurance market. Consumers use PCWs to help them find the products that best suit their needs of protecting themselves and their families. From a life company’s perspective, PCWs provide an alternative […]

Will employer insurance arrangements cause superannuation concessional caps to be breached?

On 12/04/2017

On 1 July 2017, the maximum concessional contribution cap is reducing to $25,000 per annum. Currently employers can make annual deductible contributions of up to $35,000 for employees aged 49 or more on 30 June of the previous financial year and $30,000 for younger employees. What makes up a concessional contribution? Superannuation Guarantee Contribution Additional […]

Evolution of disability insurance within superannuation

On 12/01/2017

THE ISSUES All MySuper products and many Choice products provide death and Total & Permanent Disability (TPD) cover. Some funds also offer income protection (IP) products which pay an income to partially replace wages on becoming disabled. The disability cover has received considerable media attention recently and this has led to significant analysis and review […]

Rice Warner’s Affordability Study: How affordable is group insurance in superannuation?

On 15/12/2016

There has been much discussion and debate in recent months about the affordability of insurance within superannuation and even whether it is relevant for insurance to be held within a MySuper superannuation fund. The main purpose of superannuation is to ensure that a member and their dependants are provided with income when the member is […]

Page 4 of 6«‹2 345 6 ›»

Scroll