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| | | ... complaints are notably complex, with trustees given 30 days for initial resolutions, 45 days for other complaints and 90 days for death benefit distribution complaints," AFCA said. "Despite these extended timelines, 12% of cases were resolved within ... |
| | | | ... whom are children and women. International medical journal the Lancet analysed this as a massive undercount, predicting the death toll was as high as 186,000 in July due to Palestinians dying from indirect health implications such as malnutrition, and ... |
| | | | ... online, including pension account applications and intention to claim a tax deductions forms. Claims processing for low-value death benefit claims has also been simplified, and the process for TPD claims has also been enhanced. |
| | | | ... October 1, AustralianSuper is moving account balances to the cash option after it is notified of a deceased member's death. This will take two business days for PreMixed and DIY Mix investment options from the time of notification. For the Member ... |
| | | | The Australian Financial Complaints Authority (AFCA) is seeking feedback on how it approaches superannuation death benefits in hopes to reduce disputes and misunderstandings when processing such complaints. This follows on from another consultation ... |
| | | | ... Saver, Personal, and Australian Services Union members. Vision Super and insurance partner MLC will decrease premiums for death, total and permanent incapacity (TPD), and income protection from October 1. For Personal members, the death and TPD fixed ... |
| | | | ... the explanatory statement reads. "In practice, this means that the only way to voluntarily exit these products, prior to death or expiry of term, is conversion to another legacy product. "If an individual were to commute their legacy product without ... |
| | | | ... like group insurance, met certain thresholds. For instance, insurers can use results where the total amount of lump sum death cover is greater than $500,000. However, in 2023 APRA statistics show the average sum of insured individual policies of lump ... |
| | | | ... cover to deliver even better protection for members. This means from 1 October 2024, all Hostplus members with automatic Death and TPD insurance cover will pay lower premiums with an average cost saving of 13% across all age groups," it said. "What's ... |
| | | | ... to AFCA about delays in claims doubled between 2022 and 2023. "We are particularly concerned about delays in processing death benefits claims, where complaints tripled over the same period," Constant said. "As you will know, as part of our review of ... |
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