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Showing 181 - 190 of 1001 results for "Death"

Melissa Caddick declared dead by coroner

JAMIE WILLIAMSON  |  FRIDAY, 26 MAY 2023
... as much as $30 million. Three months later, her decomposed foot washed up on a beach on the NSW South Coast. Her cause of death could not be determined by autopsy and remains unknown, the coroner said. And, while oceanographic evidence rendered to the ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... uphold its legislative obligation to deliver MySuper fund members with insurance benefits, including permanent incapacity and death insurance. Superannuation law requires firms to provide these insurance benefits to fund members, unless they elect to ...

AMP fined $24m for charging deceased customers

KARREN VERGARA  |  FRIDAY, 19 MAY 2023
The Federal Court found AMP guilty of charging deceased customers life insurance premiums and advice fees, ordering it to pay $24 million in penalties. Justice Hespe today determined that four AMP subsidiaries - AMP Life, AMP Financial Planning, AMP ...

Australian Retirement Trust reduces fees, ups premiums

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... existing pricing. Meanwhile, the fund is also increasing its insurance premiums quite significantly. For male members, standard death and TPD Assist premiums will increase an average of 26.6%. Those with optional income protection cover will see an increase ...

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 ...