With the move of the legislative to preserve the best interest duties of financial advisers beginning July 1, 2013, it’s no longer enough for these advisers to recommend holding life insurance in super based on funding efficiency alone. However, according to Martin Breckon, the technical services manager at IOOF Holdings Ltd, some issues have to…
Self-Managed Superannuation Funds represent the fastest growing segment within Superannuation – the average SMSF now has $964,000 in assets. People are choosing SMSF for the following key reasons Having control over there Super Investments and their own retirement destiny Flexibility and investment choices Ability to purchase property and even borrow under some circumstances Able to…
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The Australian Prudential Regulation Authority reported significant losses in the industry. The fiscal year June 2012 was said to have suffered over $110 million in losses. This has prompted an increase in Comminsure income protection premiums and policies. However, the changes will not affect new business rates or policies that date back in 2003 and…
Several insurance protection options are available. There is the Worker’s Compensation, Income Protection, Disability Income Insurance, Sickness & Accident Insurance, Accident & Illness Insurance and Injury & Illness Insurance. Each one is about cover in case of an illness, injury or death but means differently over the other. What is Worker’s Compensation/Work Cover? …
