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Showing 121 - 130 of 210 results for "Death benefit"

Government consults on super legislation

HARRISON WORLEY  |  TUESDAY, 5 MAR 2019
A suite of amendments to Australia's superannuation legislation have been opened for consultation. The Federal Government has released draft legislation amending various pension related aspects of super legislation for consultation. On Monday, Assistant ...

Treasury delays CIPR timetable

KARREN VERGARA  |  WEDNESDAY, 31 OCT 2018
... out of superannuation and out of line with the policy that death benefits are tax free for dependants" and ensures death benefit lump sums remain tax-free for dependants, even if rolled over within the superannuation system, he said.

An insight into AFCA workload

DARREN SNYDER  |  TUESDAY, 30 OCT 2018
... investigations progress," Davis said. Of the 512 complaints resolved in Q3 2018, about one-quarter (24.4%) were for death benefit distribution. This was followed by deduction of insurance premiums (9.6%) and fees and charges (5.7%). This order matches ...

CommInsure, TAL engaged in troubling conduct: Royal Commission

KARREN VERGARA  |  MONDAY, 24 SEP 2018
... which requires trustees to provide reasons for a decision in response to a complaint about the proposed payment of a death benefit. Rest said it had done so 184 times since 15 March 2017.

Royal Commission hears industry fund admitted wrongdoing to ASIC

HARRISON WORLEY  |  MONDAY, 24 SEP 2018
... March 2017, for failing to provide reasons for a decision in response to a complaint about the proposed payment of a death benefit. Costello suggested to Commissioner Kenneth Hayne that it was open to him to find Rest engaged in misconduct by breaching ...

Super under microscope at Royal Commission

DARREN SNYDER  |  MONDAY, 23 JUL 2018
Among its latest witness list, the financial services Royal Commission managed to capture about 50% of both the retail and industry superannuation fund segments in terms of funds under management. Rainmaker analysis shows superannuation funds called ...

Super funds countdown to Royal Commission

KARREN VERGARA  |  MONDAY, 9 JUL 2018
Superannuation funds called up to the financial services Royal Commission now have less than four weeks to prepare, as the fifth round commences on August 6 in Melbourne. The fourth round of hearings, which focused on agricultural financing and interactions ...

What the associations want from Budget 2018

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
When the clock strikes half past seven and Treasurer Scott Morrison starts to read his speech, here is what Australia's major financial services associations will be hoping for. Financial Planning Association (FPA) In a 45-page pre-budget submission ...

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 ...