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Showing 171 - 180 of 987 results for "Death"

Another round of consultation for veteran super taxation

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... decision). The Douglas decision found that certain veterans' invalidity pension payments in the Defence Force Retirement and Death Benefits (DFRDB) and Military Superannuation benefits (MSB) schemes are super lump sums for income tax purposes rather ...

Superannuation changes limit tax benefits for top earners: ASFA

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
... those who are most in need in Australia. According to APRA statistics, in 2021, approximately 8.6 million Australians had death cover, while around 7.7 million had total permanent disability (TPD) cover, and about 3.9 million had temporary disability ...

TAL, AIA dominate group life market

ANDREW MCKEAN  |  WEDNESDAY, 19 APR 2023
... The data also showed that AIA, Hannover Re, MetLife, MLC, Qinsure, RLA, TAL, and Zurich had a high percentage of finalised death claims, ranging from 90% to 98%, with an average duration of around one month. On the other hand, for total and permanent ...

AustralianSuper to decrease premiums

JAMIE WILLIAMSON  |  MONDAY, 27 MAR 2023
Members of the nation's largest superannuation fund will soon see the cost of their death and TPD cover drop. About 97% of AustralianSuper's insured members will receive a premium reduction across death, total and permanent disability, and some income ...

Regulators prioritise emerging areas of risk

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
... improved the way they explain insurance offerings to members, which is much more user-friendly. She said: "Some also included a death, TPD, and income protection claims guide to help members, that's all good stuff." However, there is still room for ...

Still work to be done on group insurance: ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2023
... the actions of 15 trustees in relation to enhancing their offerings. Across the funds reviewed, three million accounts had death and TPD cover and 800,000 had income protection cover. Primarily, ASIC looked at whether members were receiving better value ...

Virgin Money Super ups premiums

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2023
Virgin Money Super is increasing insurance premiums on death and TPD cover from April 22. Members have been notified that premium rates per week, per unit of death only cover will increase from $0.41 to $0.55. For death and TPD will increase from $0.67 ...

FICAP names new charity partner

JAMIE WILLIAMSON  |  MONDAY, 20 MAR 2023
... early intervention grief education programs for kids aged seven to 18 who are experiencing pain and isolation due to the death of a parent or guardian. The aim is to reduce the mental health challenges associated with childhood grief, with bereaved young ...

CareSuper changes TPD definition, extends cover

ANDREW MCKEAN  |  TUESDAY, 14 MAR 2023
... member to be assessed as unlikely to ever engage in any occupation. Meanwhile, CareSuper said the maximum eligibility age for death and TPD insurance cover will be extended to provide longer coverage. Under the new policy, individuals can have death ...

Investment bonds offer refuge amid super changes

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
... beneficiaries can be dependent or non-dependent, and any legal entity, including charities can receive funds tax-free upon death, Hackett said. The proposed changes to the super system have sparked discussions about alternative investment strategies ...