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Showing 121 - 130 of 1001 results for "Death"

Super complaints rise in FY24: AFCA

ELIZA BAVIN  |  THURSDAY, 31 OCT 2024
... 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 ...

Making a splash: The economic impact of AUKUS

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
... 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 ...

Brighter Super increases retirement bonus

JAMIE WILLIAMSON  |  THURSDAY, 10 OCT 2024
... 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.

AustralianSuper updates deceased members' investments

KARREN VERGARA  |  WEDNESDAY, 9 OCT 2024
... 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 ...

AFCA consults on revised superannuation death benefits

MATTHEW WAI  |  TUESDAY, 8 OCT 2024
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 ...

Vision Super refreshes premium rates

KARREN VERGARA  |  MONDAY, 30 SEP 2024
... 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 ...

Government consults on laxing legacy super product rules

ANDREW MCKEAN  |  WEDNESDAY, 18 SEP 2024
... 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 ...

Genetic test results to no longer hinder life cover

JAMIE WILLIAMSON  |  WEDNESDAY, 11 SEP 2024
... 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 ...

Hostplus adds investment options, makes fee changes

ELIZA BAVIN  |  FRIDAY, 16 AUG 2024
... 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 ...

'Our patience is running thin': ASIC

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
... 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 ...