The minister expressed support for the productivity commission’s 2018 call for an independent inquiry into the “increasingly unviable” group insurance industry, while her counterpart Stephen Jones put the onus on the industry itself to demonstrate its value.
Tahn SharpeFebruary 3, 2021
The recently announced duty to act in members’ best financial interests increases the likelihood that trustees will come under pressure to justify rising insurance premiums, particularly in respect of MySuper members who hold default coverage.
Richard WebbDecember 9, 2020
It’s time to take the opportunity to think differently about insurance in superannuation, AIA Australia chief executive Damien Mu has said.
Matthew SmithNovember 20, 2020