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Showing 131 - 140 of 203 results for "Death benefit"

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 ...

The risk of under-insurance is real: ASFA

EMMA RAPAPORT  |  FRIDAY, 15 SEP 2017
... Total and Permanent Disability (TPD) benefit Around five per cent of fund members will have an insurance policy death benefit paid to the fund member's beneficiary or beneficiaries or to the individual in the form of a terminal condition payment. Read ...

Technical Services Forum tackles super challenges

ALEX BURKE  |  FRIDAY, 15 SEP 2017
... valid, whether it was still binding on the trustee to pay death benefits to Susan and also questioned whether the death benefit could be paid as an income stream. The second presentation, addressing aged care, was led by Challenger technical services ...

Review life insurance ahead of super reforms: BT

KARREN VERGARA  |  TUESDAY, 6 JUN 2017
... permanent disability pensions, it may depend on whether insurance is offered in accumulation or pension phase. If a death benefit pension is paid, it may depend on who receives the pension, what type of death benefit pension it is, how many beneficiaries ...

Super reforms hit parliament

EMMA RAPAPORT  |  MONDAY, 29 MAY 2017
... if there has been investment growth. Breckon added the amendments do not include changes to the start date of the death benefit rollover provisions, which were in the exposure draft bill, or any amendments to include the outstanding debt under a LRBA ...

Financial dispute authorities combined for 'one-stop-shop'

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
... authority to retain the necessary statutory powers to deal with superannuation related disputes, specifically for death benefit disputes. "[Death benefit disputes] are one of the areas where superannuation has features which set it apart from other financial ...

Beneficiaries unfamiliar with death benefits

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2017
A large number of death benefit complaints could be avoided if trustees communicate to members and beneficiaries proper internal dispute resolution processes. This is particularly true when it comes to death benefits, according to the Superannuation ...

Elder financial abuse requires education

KARREN VERGARA  |  TUESDAY, 18 APR 2017
... needs to be "greater awareness and education" on the legal risks surrounding poorly constructed and executed binding death benefit nominations (BDBNs) to encourage trustees and their advisers to get legal advice on these matters. People should only be ...

CommInsure under fire again

JAMIE WILLIAMSON  |  TUESDAY, 4 OCT 2016
... was given. We are very sorry for the distress this may have caused... Given these circumstances we will review the death benefit claim." However, CBA was also sure to note in the statement that accidental death policies provide cover for death by injury ...

Life insurance reforms to be re-introduced

JAMIE WILLIAMSON  |  MONDAY, 26 SEP 2016
A spokesperson for the Minister for Revenue and Financial Services Kelly O'Dwyer has confirmed to Financial Standard that draft legislation pertaining to the Life Insurance Framework (LIF) will be formally re-introduced in early October when Federal ...