Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 203 results for "Death benefit"

Aussie veterans front Senate over underpaid pensions

ELIZA BAVIN  |  THURSDAY, 19 FEB 2026
Fronting the Senate, Finance and Public Administration References Committee, Australian Navy veteran Peter Williamson called on the government to make him whole after it came to light his military pension may have been unfairly reduced. Williamson retired ...

Looming Div 296 tax prompts urgent tax, retirement planning

KARREN VERGARA  |  THURSDAY, 19 FEB 2026
... at $15 million I'm better off leaving it in super and taking it out in a planful way as I prepare for those death benefit taxes," she said. For members with between $3 million and $10 million in superannuation, Heffron said while Div 296 is "a pain ...

CFS to integrate estate planning services for members

ELIZA BAVIN  |  MONDAY, 16 FEB 2026
... Advisers can incorporate a completed Will and digital asset inventory into holistic advice, align superannuation death benefit nominations with the client's broader wishes, and document preferences that support intergenerational wealth transfer, CFS ...

Improvised super tax poses unfair, inequitable outcomes: Industry

MATTHEW WAI  |  TUESDAY, 20 JAN 2026
... deceased member's account, can often result in a large increase in the deceased member's balance," it said. "If the death benefit is not subsequently paid to beneficiaries before the end of the income year, it could result in a Division 296 tax liability ...

Cbus hires corporate governance head

ELIZA BAVIN  |  MONDAY, 12 JAN 2026
... October, Cbus agreed to pay $23.5 million to settle the matter brought against it by ASIC in relation to delayed death benefit payments to members. The super fund said it co-operated with the regulator throughout the legal process and agreed to pay compensation ...

Most read in 2025: Superannuation

ELIZA BAVIN  |  MONDAY, 22 DEC 2025
... was not going to be in the best interests of TelstraSuper members. AustralianSuper under investigation for delayed death benefit payments In February, AustralianSuper was investigated by ASIC over delays in paying out death benefits, after it remediated ...

Cbus agrees to pay $23.5m fine

ELIZA BAVIN  |  FRIDAY, 31 OCT 2025
Cbus has agreed to pay $23.5 million to settle the matter brought against it by ASIC in relation to delayed death benefit payments to members. A Cbus spokesperson told Financial Standard the super fund co-operated with the regulator throughout the legal ...

FEATURE: Fund admin | Tight Ship

KARREN VERGARA  |  FRIDAY, 24 OCT 2025
... with a complex system that is difficult to navigate from the moment the first contribution is made to the time a death benefit is paid out. One of the areas ASIC's report did not delve into was just how reliable and swift members were in responding to ...

Feature: Group insurance | Cold comfort

MATTHEW WAI  |  WEDNESDAY, 22 OCT 2025
... research by Rainmaker Information found that TPD claims settlements are taking considerably longer than the average death benefit payout. The growing challenges around the sustainability of TPD insurance and rising claims have led many super funds to ...

MUFG 'sincerely apologises' to Cbus over claim delays

ELIZA BAVIN  |  WEDNESDAY, 1 OCT 2025
... Retirement Solutions have reached a settlement relating to "unacceptable delays" in the processing and payment of death benefit and insurance claims made by Cbus members and claimants. MUFG said it "sincerely apologises to Cbus and its members, their ...