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Showing 41 - 50 of 1001 results for "Death"

Cbus hires corporate governance head

ELIZA BAVIN  |  MONDAY, 12 JAN 2026
... Scheme. In 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 ...

Most read in 2025: Superannuation

ELIZA BAVIN  |  MONDAY, 22 DEC 2025
... concluding it 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 ...

MetLife scores group insurance mandate

ELIZA BAVIN  |  MONDAY, 1 DEC 2025
Spaceship Super has appointed MetLife to provide insurance as it introduces default cover for Death and Total & Permanent Disablement (TPD), as well as the option to apply for voluntary cover. Effective 6 February 2026, members will be eligible for ...

HESTA, Vision Super divest Israeli securities

KARREN VERGARA  |  FRIDAY, 7 NOV 2025
As HESTA and Vision Super move to divest members' money from Israeli bonds and shares, other superannuation funds' ethical options continue to overlook human rights abuses. HESTA confirmed the move, saying that as part of its investment strategy ...

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 ...