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Showing 241 - 250 of 1001 results for "Death"

BT Super for Life ups insurance premiums

KANIKA SOOD  |  TUESDAY, 6 JUL 2021
... for Life will increase the cost of its standard life insurance cover by 13.1% from August 1. The standard cover includes death and TPD. As an example, a 34-year-old male member of BT Super for Life previously paid $11.41 each month for one unit of cover ...

Superannuation complaints down 31%: AFCA

KANIKA SOOD  |  MONDAY, 5 JUL 2021
... Financial Complaints Authority (AFCA) related to account administration, followed by group life insurance (30%) and super death benefit distribution (about 13%). The most complained-about super funds for FY20 were AustralianSuper (1123 complaints to ...

Inheritance not expected: Research

ELIZABETH MCARTHUR  |  FRIDAY, 2 JUL 2021
... Australia - someone who receives a bequest is not even liable for capital gains tax. "There's nothing more certain than death and taxes. But while people generally assume the combination is notoriously unpopular, our research suggests otherwise," Coram ...

Premiums to increase at ESSSuper

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
... government fund for the emergency services based in Melbourne, informed members in its accumulation plan that the cost of death and total and permanent disability (TPD) cover will increase. Death per unit cost increased from $0.525 to $0.5450 (up 4%). ...

AMP sued for charging dead clients

JAMIE WILLIAMSON  |  THURSDAY, 27 MAY 2021
... allegedly charging more than 2000 deceased clients insurance premiums and financial advice fees after being notified of their death. The action relates to five companies that are or were subsidiaries of AMP between May 2015 and August 2019. These include ...

Long way for super complaints overhaul

KANIKA SOOD  |  THURSDAY, 20 MAY 2021
... handling became an obligation under the Corporations Act. ASIC will also consider complaints on social media, objections to death benefit recipients and insurance claims handling processes. All complaints must be responded to in 45 days. Speaking at ...

Media Super ups fees, premiums

ELIZABETH MCARTHUR  |  THURSDAY, 13 MAY 2021
... Super said the consolidation of its investment options was aimed at reducing costs. Meanwhile, the fund is also increasing death, total and permanent disability and income protection premiums from July 1. In December 2020, Media Super had already increased ...

Raiz acquires superannuation platform

KANIKA SOOD  |  WEDNESDAY, 28 APR 2021
... and cash) while about 26% was invested in Superestate residential property fund as at June 2020. The fund uses MetLife for death and terminal illness and YourCover for total and permanent disability and income protection. The custodian is Sandhurst T ...

Adviser-led TPD claim admittance rates fall

KANIKA SOOD  |  TUESDAY, 20 APR 2021
... TPD claims were admitted in 2020, down from 87% two years ago. The joint claims data published by APRA and ASIC included death, total and permanent disability (TPD), trauma, and disability income insurance (DII) among others. It listed their admittance ...

Bernie Madoff dies in prison

ELIZABETH MCARTHUR  |  THURSDAY, 15 APR 2021
... Butner, an administrative security federal medical centre for male offenders located in North Carolina, at the time of his death. Madoff would not have been eligible for release until the year 2137. He admitted to perpetrating a massive Ponzi scheme ...