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Showing 21 - 30 of 166 results for "Beneficiary"

Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA  |  FRIDAY, 6 DEC 2024
... of domestic violence, the committee recommended the Superannuation Industry (Supervision) Act 1993 is amended so a beneficiary who perpetrated domestic or family abuse, including financial abuse and domestic violence-related suicide, against a victim ...

Brighter Super makes fee, death benefit changes

JAMIE WILLIAMSON  |  THURSDAY, 28 NOV 2024
... its trust deed to provide clearer guidance and expedite decision making as to death benefits where there is no valid beneficiary nomination. The fund will use a new prescribed hierarchy to determine who to pay the benefit to. In the first instance it ...

ESSSuper shifts members to new default option

KARREN VERGARA  |  MONDAY, 21 OCT 2024
... Members currently in the Balanced option will move to the Balanced Growth Managed option for Accumulation Plan and beneficiary accounts on November 22 unless they inform the super fund otherwise. ESSSuper announced in August that it launched the new ...

No one immune to cost-of-living pain: ABS

ELIZA BAVIN  |  WEDNESDAY, 7 AUG 2024
... down from 6.5% in the previous quarter, and down from the peak of 9.6% in the June 2023 quarter." The pensioner and beneficiary living cost index (PBLCI) - which measures living costs for age pensioners and other government transfer recipient households ...

New NALE rules, AFCA's super powers passed

KARREN VERGARA  |  THURSDAY, 27 JUN 2024
... definitions for a superannuation complaint. This includes the trustee making a decision relating to a particular member or beneficiary (or particular former member or beneficiary) that was unfair or unreasonable; or an insurer making a decision under ...

Performance test covers managed accounts, SMAs: APRA

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
... of the definition in SIS Regulations 1994 Regulation 9AB.2. "In practice, this is determined by the ability of the beneficiary to alter the strategic asset allocation of a particular covered asset class," APRA said in response to super funds' most ...

Betashares launches 'industry first' bond funds

ANDREW MCKEAN  |  MONDAY, 11 DEC 2023
... class attracting $5.6 billion in net inflows in the calendar year to October 31. Notably, Betashares is the biggest beneficiary of this surging investor interest in the asset class, receiving over 42% of the total cash and fixed income flows year to ...

Responsible investment key to wealth transfer conversation

RACHEL ALEMBAKIS  |  MONDAY, 4 DEC 2023
... "We know intergenerational wealth transfer is the largest opportunity facing advisers today, but knowing that the beneficiary are quite different in their expectations, we felt that responsible investment was inexplicably linked to this opportunity," ...

Generation Life rolls out product enhancements

ANDREW MCKEAN  |  WEDNESDAY, 7 JUN 2023
... LifeIncome enhancements, Generation Life has afforded advised clients the option to name a non-spouse as the reversionary beneficiary with non-superannuation funds. A new dollar-cost averaging facility has also been created to provide a buffer during ...

ESSSuper reduces admin fees, renews insurance mandate

JAMIE WILLIAMSON  |  MONDAY, 5 JUN 2023
... fund said. The changes apply to accumulation and income stream members. However, only the fee reductions apply to beneficiary account holders, not the cap change. The fund is also going to rebate a portion of the administration fees paid by accumulation ...