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Showing 111 - 120 of 210 results for "Death benefit"

Commonwealth Super mulls platform changes

KANIKA SOOD  |  MONDAY, 13 JAN 2020
Commonwealth Superannuation Corporation is considering making changes to how it administers about 570,000 defined benefit member accounts as its existing systems age. CSC has invited interested companies to submit proof-of-concepts for a core registry ...

Unfair contract terms extended to insurance

KARREN VERGARA  |  FRIDAY, 2 AUG 2019
... third-party beneficiaries of an insurance contract will be able to bring a claim under the new regime. For example, death benefit nominees under a life insurance policy or individuals covered under certain group insurance policies can likely bring actions ...

ATO clarifies SMSF death benefit income streams

KARREN VERGARA  |  MONDAY, 22 JUL 2019
The Australian Tax Office has released a new explanatory note on death benefit income streams, which a self-managed superannuation fund specialist has labelled as "confusing". The ATO said SMSFs recently raised a number of questions around the interaction ...

Super fund introduces further group insurance changes

KARREN VERGARA  |  MONDAY, 1 JUL 2019
A $15 billion superannuation fund is making several changes to its group insurance offering in addition to the July 1 changes, which will see some members pay more for cover. CareSuper is moving from a unit-based cover for standard death and TPD insurance ...

Wills and BDBN raise adviser interest

KARREN VERGARA  |  FRIDAY, 7 JUN 2019
The complexities of binding death benefit nominations and wills piqued the interest of many at the quarterly Challenger and Financial Standard Technical Services Forum. Australian Unity head of technical services Yvonne Chu raised the question of what ...

Sargon launches SMSF alternative

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2019
Financial advisers and their clients now have an alternative to the traditional self-managed superannuation fund, with Sargon partnering with an $11.5 billion platform to launch a small APRA fund. Sargon has partnered with HUB24 to provide advisers ...

Super tax strategies a hot topic

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
AMP's technical superannuation adviser support team saw a rise in the number of advisers querying tax deductions for personal superannuation contributions last month. Data from more than 2090 calls made by advisers last month showed more clients were ...

Treasury proposes standardised default insurance definitions

KARREN VERGARA  |  FRIDAY, 29 MAR 2019
... Separately, the barriers Aboriginal and Torres Strait Islander (ATSI) peoples face when making superannuation binding death benefit nominations is open for consultation until May 24. Legislation on the distribution of superannuation death benefits, ATSI ...

Former Financial Wisdom adviser banned

KARREN VERGARA  |  THURSDAY, 21 MAR 2019
... provide Statements of Advice to clients; deleted records to conceal misconduct; and falsely witnessed signatures on death benefit nomination forms and arranged others to backdate and falsely witness these forms. Willmott has the right to appeal to the ...

Interest in early access to super rises

JAMIE WILLIAMSON  |  MONDAY, 11 MAR 2019
AMP has experienced a spike in the number of financial adviser queries regarding early access to superannuation. Analysing the more than 2000 calls received by the team in February, AMP said there was a significant rise in the number of advisers looking ...