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Showing 31 - 40 of 172 results for "Death benefit"

AustralianSuper updates deceased members' investments

KARREN VERGARA  |  WEDNESDAY, 9 OCT 2024
... or more of your beneficiaries." Before October 1, funds remained invested in the same option or options until the death benefit is paid out to beneficiaries. For those with death insurance cover, such proceeds also formed part of the death benefit. Also ...

AFCA consults on revised superannuation death benefits

MATTHEW WAI  |  TUESDAY, 8 OCT 2024
The Australian Financial Complaints Authority (AFCA) is seeking feedback on how it approaches superannuation death benefits in hopes to reduce disputes and misunderstandings when processing such complaints. This follows on from another consultation ...

'Our patience is running thin': ASIC

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
... Constant said. "As you will know, as part of our review of superannuation fund member services, we are looking at death benefit claims handling." In addition, Constant said ASIC was concerned about accountability at the board level - a timely mention ...

Industry demands action to stop abusers claiming victims' super

ANDREW MCKEAN  |  THURSDAY, 8 AUG 2024
... able to access their victims' super. Existing laws permit abusers to claim an abuse victim's superannuation death benefit unless they're the direct cause of death. This remains true even for those convicted of family violence offences or ...

Adviser queries jump 40%: AMP

ELIZA BAVIN  |  THURSDAY, 11 JUL 2024
... are focused on helping their clients navigate superannuation contributions, transfer balance caps, dealing with a death benefit and home ownership issues, according to the latest data from AMP Advice. TapIn, AMP Advice's technical service for its advice ...

MetLife refreshes two products

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2024
... covers customers' loss of ability to ever work again in their business due to injury or illness, now has a $10,000 death benefit added to total and permanent disability (TPD). MetLife chief insurance officer Meray El-Khoury said key changes to income ...

AFCA seeks industry feedback on approaches

ELIZA BAVIN  |  FRIDAY, 14 JUN 2024
The Australian Financial Complaints Authority (AFCA) is seeking feedback from the financial services industry on its proposed annual Approach document schedule for financial year 2024-2025. AFCA Approach documents support consumers, small businesses ...

AustralianSuper bears brunt of complaints: AFCA

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
AustralianSuper copped the highest number of complaints in the last six months of 2023 totalling 936, which was nearly three times more than other major super funds like Cbus, Australian Retirement Trust (ART), and Aware Super. New data from the Australian ...

Platform reveals advice firms' top issues

KARREN VERGARA  |  FRIDAY, 24 MAY 2024
... in acknowledging a downsizer contribution, the pros and cons of reversionary pension nominations versus binding death benefit nominations for retail account-based pensions, and the need for more innovation in retirement income strategies. "Many high-volume ...

Aussies underestimate life insurance's importance: Investment Trends

ANDREW MCKEAN  |  TUESDAY, 30 APR 2024
... that life insurance claims processing takes an average of 7.3 days within super and 5.1 days outside of it, while death benefit claims average around 10 days. Guiamatsia emphasised the need for a more proactive approach saying that policyholders are ...