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Showing 51 - 60 of 986 results for "Death"

AMP hit with multiple court filings

ELIZA BAVIN  |  THURSDAY, 3 JUL 2025
... relates to allegations of higher premium payments by certain members of AMP's superannuation funds for life insurance (death only cover, total and permanent disablement cover and income protection cover) during the period 2019 to 2024," AMP said. ...

APRA expects 'no cutting corners' with CPS230

KARREN VERGARA  |  TUESDAY, 1 JUL 2025
... light of 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 ...

Australian Ethical drops fees

ELIZA BAVIN  |  FRIDAY, 27 JUN 2025
... are applied only to members with insurance. Standard Default Cover members will experience an increase in the amount of Death and Total & Permanent Disablement (TPD) insurance cover they receive, while Death and TPD cover for others will become or remain ...

Group insurance premiums paid by super funds up 7%

ANDREW MCKEAN  |  TUESDAY, 24 JUN 2025
... previous high of $5 billion paid out in 2022-23. Rainmaker also found that superannuation funds now offer average standard death and total and permanent disability (TPD) cover up to $225,000 for young members, dropping to $64,000 for pre-retirees. For ...

Dodgy dentist defrauds members after draining super for medical procedures

KARREN VERGARA  |  TUESDAY, 24 JUN 2025
... used to manage Perth Dental Rooms' finances. Hurst allegedly withdrew more than $7 million from the practice before his death. Marshman said patients were encouraged to dip into their retirement savings without any real understanding of the tax penalties ...

ART makes sweeping changes to corporate super plans

ELIZA BAVIN  |  MONDAY, 23 JUN 2025
... the corporate super plan. Also from July 1, Australia Post Superannuation Scheme members will see changes to premiums for death, total & permanent disability (TPD) and income protection rates. The change will vary based on a members' gender and age. ...

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

ANDREW MCKEAN  |  WEDNESDAY, 18 JUN 2025
... ASIC's 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. ...

TAL partners to expand access to affordable insurance

MATTHEW WAI  |  MONDAY, 16 JUN 2025
... underwriting and 100% digital claims processing. It comes as Cover Genius estimates one million Australians are underinsured for death and total and permanent disability (TPD), while 3.4 million have no or insufficient income protection, especially among ...

TAL scores new super fund mandate

JAMIE WILLIAMSON  |  FRIDAY, 13 JUN 2025
... Among other changes, members will also have increased maximum cover amounts of tailored insurance. The maximum amount of death cover rises from $5 million to unlimited, for terminal illness it doubles from $2.5 million to $5 million, and the maximum ...

ASIC reads the riot act to the super industry: Longo

ANDREW MCKEAN  |  FRIDAY, 13 JUN 2025
... governance challenges, and exposed super trustee board blind spots around their data, systems, and processes. For example, our death benefits review found that even the fastest trustees processed less than half (48%) of their death benefit claims within ...