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Showing 21 - 30 of 210 results for "Death benefit"

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 ...

Super complaints decline year-on-year: AFCA

ELIZA BAVIN  |  WEDNESDAY, 1 OCT 2025
The Australian Financial Complaints Authority (AFCA) has completed its latest update of the AFCA Datacube, which makes data on complaints publicly accessible to consumers and financial firms. The latest update provides data on complaints made within ...

Feature: Digital advice | Sleeping giant

KARREN VERGARA  |  FRIDAY, 26 SEP 2025
... might place on delivering digital advice. Tightening cybersecurity controls is high on the list, as is sorting out death benefit claims that administrators and ultimately trustees don't have a grip on. "It's no good offering digital advice if ...

Cbus vows faster death benefit payouts

KARREN VERGARA  |  TUESDAY, 16 SEP 2025
After being caned by ASIC for making beneficiaries wait for more than 90 days to receive a death benefit, Cbus is vowing to pay them faster. Where members have not nominated a beneficiary, Cbus said benefit payments will be paid to the surviving current ...