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Showing 91 - 100 of 172 results for "Death benefit"

RECAP: Advice in the Royal Commission spotlight (Days 6- 9)

KANIKA SOOD  |  FRIDAY, 27 APR 2018
... advisers, were involved in witnessing client forms incorrectly. NAB adviser Bradley Meyn witnessed non-lapsing binding death benefit nominations in clients' absence. The bank finally fired Meyn for "deliberately falsifying details". However, NAB failed ...

ROYAL COMMISSION: Our top stories

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... questioning involving a particular adviser, Bradley Meyn, who failed on multiple occasions to have non-lapsing binding death benefit nominations correctly witnessed - that is, in the presence of the actual client. Dover roasted for 'Orwellian' protection ...

Royal Commission singles out 325 NAB staff cutting corners

ALEX BURKE  |  TUESDAY, 24 APR 2018
... questioning involving a particular adviser, Bradley Meyn, who failed on multiple occasions to have non-lapsing binding death benefit nominations correctly witnessed - that is, in the presence of the actual client. Meyn was contacted and asked to respond ...

What will estate planning look like in 2020?

DARREN SNYDER  |  WEDNESDAY, 4 APR 2018
Looking beyond 2020, netwealth technical services head Keat Chew said financial advisers must consider the prospect of small tax increases on superannuation earnings and lump sum payments. Speaking at a recent netwealth CPD event in Sydney, Chew took ...

SMSFs grappling with super changes

KARREN VERGARA  |  FRIDAY, 12 JAN 2018
Six months after the superannuation changes were put in place, self-managed superannuation fund members (SMSF) are still struggling with the complexities of the reforms, the head of the SMSF Association says. Chief executive John Maroney said SMSF members ...

Safeguard wills with specialist advice: Lawyer

KARREN VERGARA  |  THURSDAY, 11 JAN 2018
... Planning Partners' Amanda Cassar said financial advisers must remember for certain superannuation funds, a binding death benefit nomination made by a client becomes invalid in the event of certain life changes. "When members sign a binding death benefit ...

Marriage equality and the estate plan

JAMIE WILLIAMSON  |  TUESDAY, 9 JAN 2018
... reviewed to safeguard those rights. Financial advisers must remember that, for certain superannuation funds, a binding death benefit nomination made by a client becomes invalid in the event of certain life changes, Cassar said. "When members sign a binding ...

Transfer balance cap reforms could hurt grieving SMSFs

JAMIE WILLIAMSON  |  MONDAY, 30 OCT 2017
... with SMSFs in which the death of one spouse would trigger a situation where the surviving partner would receive a death benefit forcing their TBC above the $1.6 million cap. "This is not just a problem for SMSFs with large pension account balances already ...

Wills should be reviewed, not refuted: EQT

JAMIE WILLIAMSON  |  THURSDAY, 19 OCT 2017
... changes in circumstances, particularly people in their life and their assets; who their nominated executor is; binding death benefit nomination for superannuation; arrangements around specific endowments; and capital gains tax and ensuring any consequences ...

Why advisers should revisit death benefits

KARREN VERGARA  |  FRIDAY, 6 OCT 2017
... adversely affect pre-1 July 2017 super estate planning strategies, which are based on traditional assumptions when using death benefit nominations (BDBNs). In future, death benefit income streams are credits to a beneficiary's transfer balance account ...