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Showing 31 - 40 of 987 results for "Death"

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
... to get the 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 ...

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 ...

Australian Ethical aligns Christian Super members' cover

ELIZA BAVIN  |  WEDNESDAY, 15 OCT 2025
... to their insurance fees and cover come December 1, Australian Ethical announced. From 1 December 2025 automatic default death and total and permanent disablement (TPD) cover will move to a new age-based scale. In addition, default cover will increase ...

MUFG 'sincerely apologises' to Cbus over claim delays

ELIZA BAVIN  |  WEDNESDAY, 1 OCT 2025
... and MUFG 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 ...

Super complaints decline year-on-year: AFCA

ELIZA BAVIN  |  WEDNESDAY, 1 OCT 2025
... with 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 ...

Rest pays $40k over misleading statements

JAMIE WILLIAMSON  |  MONDAY, 29 SEP 2025
... said Rest made false or misleading representations in annual statements and emails to members, indicating they had active death or TPD cover in place when they should not have. More than 2000 members who had previously cancelled, chosen not to receive ...

Feature: Digital advice | Sleeping giant

KARREN VERGARA  |  FRIDAY, 26 SEP 2025
... they 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 ...

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 ...

Young people want more from their life insurance: Research

RIDDHIMA TALWANI  |  TUESDAY, 16 SEP 2025
... evolve life insurance from something consumers buy and forget, into a tool that offers value throughout life and not just at death. Living benefits with flexible features that offer immediate value and control can bring young consumers into the mix. ...