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Showing 31 - 40 of 210 results for "Death benefit"

ASIC flags firm grip on private and public markets, super funds

KARREN VERGARA  |  WEDNESDAY, 27 AUG 2025
... trustees for weak scam and fraud practices. Then, in March, we released our landmark report on the poor handling of death benefit claims," the Corporate Plan reads. "With around three million Australians reaching superannuation preservation age in the ...

Super funds should prompt members on death benefits: SCA

ELIZA BAVIN  |  TUESDAY, 26 AUG 2025
... their super if they pass away. The research also found that only a quarter had reported they have made a binding death benefit nomination. "Super Consumers Australia is calling on the federal government to undertake an independent review of how the super ...

ASFA publishes new service standards on claims handling

ELIZA BAVIN  |  FRIDAY, 4 JUL 2025
ASFA has released a new ASFA Service Standard - Claims Handling in Superannuation: Insurance and Health Related Claims, which it said is a significant step forward in improving member outcomes. ASFA said the new standard was made to guide superannuation ...

APRA expects 'no cutting corners' with CPS230

KARREN VERGARA  |  TUESDAY, 1 JUL 2025
... ASIC handing down a scathing review on the state of superannuation trustees failing to monitor or report on their death benefit claims handling processes from start to finish. All the while, many super funds boast that their ultra-low administration ...

Small industry super funds beat giants on trust, service, value

ANDREW MCKEAN  |  WEDNESDAY, 18 JUN 2025
... crackdown on larger funds like Cbus, which was sued for allegedly failing to act honestly and fairly in handling death benefit and total and permanent disability insurance claims, and AustralianSuper, for similar issues, clearly illustrate this. "The ...

TAL partners to expand access to affordable insurance

MATTHEW WAI  |  MONDAY, 16 JUN 2025
The life insurer has today launched backd by TAL in partnership with Cover Genius, targeting those with limited access to affordable cover options. backd offers tailored, affordable options for workers not currently eligible for other types of cover ...

ASIC reads the riot act to the super industry: Longo

ANDREW MCKEAN  |  FRIDAY, 13 JUN 2025
... example, our death benefits review found that even the fastest trustees processed less than half (48%) of their death benefit claims within three months. The slowest processed only 8% in that time," Longo said. "No matter how you look at it, that's a ...

ASIC tells super: 'You have everything you need to not fail'

ELIZA BAVIN  |  WEDNESDAY, 28 MAY 2025
... is on member services more generally, this is a multi-year phased project" Constant said. "We will come back to death benefit claims handling and check that funds are doing what they said they will do. But there is more that we will be doing, and we'll ...

TPD claim settlements take 'considerably longer': Rainmaker

MATTHEW WAI  |  MONDAY, 12 MAY 2025
... claims, including ASIC taking legal proceedings against AustralianSuper over the delayed processing of some 7000 death benefit claims in March. Super Consumers Australia has also highlighted that a substantial number of Australians are unaware or do ...

Labor wins: What super, advice industries want

ELIZA BAVIN  |  MONDAY, 5 MAY 2025
... on super. The super lobby group called on the Albanese government to draft of legal reforms to around super's death benefit laws, so family violence perpetrators do not profit from their abuse. The group also called for "ending age-based discrimination" ...