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Showing 11 - 20 of 124 results for "Death benefits"

Treasury proposes options to block victim-survivors' super going to perpetrators

JAMIE WILLIAMSON  |  THURSDAY, 5 MAR 2026
... Consultation is now open on reforms to prevent perpetrators of domestic and family violence from receiving the super death benefits of their victims. Under current law, a superannuation trustee may be required to pay a death benefit to a person who perpetrated ...

AFCA receives record complaints in 2025

MATTHEW WAI  |  THURSDAY, 26 FEB 2026
... (7,687) in 2025 was driven by delays in handling claims and disputes over claim decisions. While complaints about death benefits have remained steady, the main pressure points were timeliness and transparency in the claims process, AFCA explained. The ...

Aussie veterans front Senate over underpaid pensions

ELIZA BAVIN  |  THURSDAY, 19 FEB 2026
... unfairly reduced. Williamson retired from the Navy in 1982 and was a member of the Defence Force Retirement and Death Benefits (DFRDB) Scheme. The scheme was open to members of the defence force between 1972 and 1991, at which point it was closed to ...

Most read in 2025: Superannuation

ELIZA BAVIN  |  MONDAY, 22 DEC 2025
... delayed death benefit payments In February, AustralianSuper was investigated by ASIC over delays in paying out death benefits, after it remediated members last year. AustralianSuper announced last November that it would compensate around 7000 beneficiaries ...

FEATURE: Fund admin | Tight Ship

KARREN VERGARA  |  FRIDAY, 24 OCT 2025
... fundamentals of their administrative processes right. ASIC's scathing March report into the timely payments of death benefits asks an even more disturbing question: do they know the processes at all? ASIC commissioner Simone Constant told Financial Standard ...

Feature: Group insurance | Cold comfort

MATTHEW WAI  |  WEDNESDAY, 22 OCT 2025
... AustralianSuper 1140 days to make the payment; others took 438, 412 and 366 days," ASIC said. And while delays in payment of death benefits has dominated the news cycle, there's another trend that's emerged in the insurance space that is also ...

Super complaints decline year-on-year: AFCA

ELIZA BAVIN  |  WEDNESDAY, 1 OCT 2025
... 328. The vast majority (50%) related to account administration issues, followed by group life insurance (37%), and death benefits 10.3%. In the financial advice sector, United Global Capital had the most complaints with 605, followed by Interprac with ...

Super funds should prompt members on death benefits: SCA

ELIZA BAVIN  |  TUESDAY, 26 AUG 2025
Super Consumers Australia (SCA) has called on superannuation funds to do more to prompt members to complete a binding nomination and clearly communicate why it is important they have one. This comes as SCA released new research showing that 36% of Australians ...

ASFA publishes new service standards on claims handling

ELIZA BAVIN  |  FRIDAY, 4 JUL 2025
... step in lifting outcomes for fund members when making claims, and follows the release of ASFA's Service Standard, Death Benefits Payments in September last year. This comes after ASIC has called out the superannuation industry on numerous occasions this ...

TAL partners to expand access to affordable insurance

MATTHEW WAI  |  MONDAY, 16 JUN 2025
... ensuring more Australians who want and need insurance can get it," Macgregor said. "Life insurance is much more than death benefits. Last year, 74% of the 54,000 claims we paid supported the recovery of people with an illness or injury that prevented ...