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Showing 161 - 170 of 203 results for "Death benefit"

SMSFs face fire-sales of illiquid assets

BEN COLLINS  |  TUESDAY, 8 MAY 2012
... forced sale or transfer of the asset could see certain beneficiaries, such as adult children, liable for very sizable death benefit and capital gains tax liabilities. "This could be as much as 20% or more of the property's profit. For example, beneficiaries ...

MilitarySuper chief executive to stand down

CLAIRE MCGREAL  |  MONDAY, 31 OCT 2011
Michael Seton is stepping down as chief executive of MilitarySuper from next month following the fund's merger with the ARIA group of funds in July. Seton has been at the helm of MilitarySuper since October 2010 when he took over from Paul Watson. Previously ...

Northern Trust awarded $24bn custody mandate

ELISE BURGESS  |  MONDAY, 10 OCT 2011
Northern Trust will provide a full range of master custody and related services for the newly formed $24 billion Commonwealth Superannuation Corporation. It is the custodian's first full service super fund client. Starting early next year, Northern ...

Commonwealth Superannuation Corporation appoints CEO

RACHEL DAVIS  |  THURSDAY, 15 SEP 2011
The Commonwealth Superannuation Corporation has appointed Peter Carrigy-Ryan as its new chief executive officer. "This appointment follows a structured process involving an executive search agency, national advertising and consideration of some excellent ...

SMSFs can use tax rule to save thousands conference told

ALISON BEVEGE  |  WEDNESDAY, 10 AUG 2011
... super fund can then offset the capital gains tax payable from the sale of assets with the ends result being a higher death benefit. The ruling now means that in many cases SMSFs have a large amount of assessable income in the year of death and can potentially ...

Real estate may cause super tax headache

ALISON BEVEGE  |  MONDAY, 25 JUL 2011
Real estate investments within superannuation would cause the biggest issue when pension-phase funds revert to accumulation on the death of the member, a self-managed super fund expert said today. David Busoli, national head of education for Cavendish ...

Consolidated super corporation appoints board

RACHEL DAVIS  |  WEDNESDAY, 6 JUL 2011
The Commonwealth Superannuation Corporation has announced its inaugural board with the current chair of ARIA and MSB, Tony Hyams, given the position of chairman. The Commonwealth Superannuation Corporation (CSC) has been established by the consolidation ...

HESTA forms new relationship with CommInsure

ELISE BURGESS  |  MONDAY, 27 JUN 2011
... benefits. The super fund said that under the new insurance offer, a 40 year old member will gain a 25% increase in death benefit and a 50 year old will gain a 74% increase (example only). "When negotiating our new insurance offer we focused on changes ...

Military Super CEO resigns, AGEST chief takes over

RUTH LIEW  |  WEDNESDAY, 29 SEP 2010
Michael Seton, chief executive of AGEST Super, has accepted the role of chief executive at Military Superannuation and Benefits Scheme following Paul Watson's resignation. Seton will begin his new role on Friday, 1 October. He replaces Paul Watson ...

SCT chief Furlan talks tough on benefits

RUTH LIEW  |  THURSDAY, 1 JUL 2010
The head of the Superannuation Complaints Tribunal urges super funds to consider fresh ways to structure insurance within super, as one of the most common source of disputes is the conflict on insurance payouts. Jocelyn Furlan, chairperson of the Superannuation ...