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Showing 91 - 100 of 986 results for "Death"

Perpetual awards mandate to Equity Trustees

KARREN VERGARA  |  TUESDAY, 7 JAN 2025
... products are part of the Perpetual WealthFocus offering. The Super Plan allows investors to save for retirement and offers death, disability, and salary continuance insurance cover to eligible members. The Pension Plan pays clients a regular pension ...

Hostplus' AFCA complaint response times lag

ELIZA BAVIN  |  MONDAY, 16 DEC 2024
... Snapshot of complaints handling by superannuation trustees. The report also outlined how long the fund takes to deliver a death benefit claim from the notification of death to the payment - something which ASIC has been cracking down on super funds for ...

Top superannuation policy priorities for 2025: SMC

ANDREW MCKEAN  |  TUESDAY, 10 DEC 2024
... change that would eliminate duplicate fees for 100,000 retirees. The advocacy group also recommended digitising binding death nominations and the standardising death certificate and proof of identify processes to expediate death benefit payments. It ...

Superannuation tax shakeup proposed by Actuaries Institute

ANDREW MCKEAN  |  MONDAY, 9 DEC 2024
... advisers," the paper said. The second reform proposed is to impose a tax on "very high benefits" drawn in retirement and on death benefits; beyond levels deemed necessary to provide a "suitable retirement income." The paper outlined several potential ...

Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA  |  FRIDAY, 6 DEC 2024
... violence-related suicide, against a victim is declared an invalid beneficiary of the account holder's superannuation death benefits. "Something is very wrong when the perpetrators of economic abuse receive their victim's superannuation earnings," ...

Half of advice, super complaints result in no remedy

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... as a remedy. The top three products for superannuation complaints were superannuation account (73%), pension (11%), and death benefit (5%). The top three issues were service-related issues (26%), delay in following instructions (12%), and technical problems ...

Brighter Super makes fee, death benefit changes

JAMIE WILLIAMSON  |  THURSDAY, 28 NOV 2024
... reducing administration fees from January 1, while also introducing a weekly account keeping fee. It's also changing the way death benefits are dealt with. Effective January, the annual percentage-based admin fee charged to Brighter Super members will ...

AustralianSuper to pay $4.2m for delayed claims handling

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
AustralianSuper will compensate around 7000 beneficiaries to the sum of $4.2 million for death benefit claims that took longer than the fund's internal target handling time of four months from the date when the claim form was received. The fund ...

ASIC flags 'consistently weak' claims processes

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
Following its recent action against Cbus, ASIC has warned all super trustees to ensure they are processing death benefit claims efficiently, saying it has seen "consistently weak" practices and "operational failures." ASIC has put super funds on notice ...

ASIC escalates super fund enforcement in 2025

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
... will also expand its remit in member services failures. The case of industry super fund Cbus' recent failings in paying death and TPD benefits was one example of how effective ASIC's enforcement has been. "But certainly, member services failures ...