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Showing 141 - 150 of 210 results for "Death benefit"

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 ...

Longevity driving interest in risk pooled products

KERRIE SYDEE  |  WEDNESDAY, 6 JUL 2016
A combination of longer life expectancy and poor returns from volatile markets is driving more investors to reassess their retirement and life insurance products, according to Milliman. Milliman, a global provider of actuarial products and services ...

Federation Alliance launches Federation Super

KERRIE SYDEE  |  TUESDAY, 24 MAY 2016
... retirement objectives. "Federation Super's estate planning features include reversionary and non-lapsing binding death benefit nominations, and it provides access to a selection of insurers for retail individual life insurance policies." David Bryant ...

Government releases draft life insurance regulations

ALEX BURKE  |  FRIDAY, 8 APR 2016
The Government has released an exposure draft of the Corporations Amendment (Life Insurance Remuneration Arrangements) Regulation 2016 bill. The amended regulation allows temporary inclusion of stamp duty in commissions for death benefits while the ...