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Showing 51 - 60 of 1001 results for "Death"

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. ...

ANZ fined $240m for bond trading, retail misconduct

KARREN VERGARA  |  MONDAY, 15 SEP 2025
... processes could not identify which fees should be waived and/or refunded and whether any fees charged after a customer's death had been waived or refunded," ASIC said. "ANZ did not respond to representatives of deceased estates in the required timeframe ...

Brighter Super to add 68k new members

JAMIE WILLIAMSON  |  WEDNESDAY, 10 SEP 2025
... said: "The transfer will enable members to continue to access risk only insurance benefits through superannuation, including death, disablement, and income protection." "Brighter Super has a strong track record in supporting insurance-only super structures ...

Equip Super rejigs insurance fees, policy terms

KARREN VERGARA  |  WEDNESDAY, 3 SEP 2025
... reduce for TPD and income protection, while automatic acceptance limit (AAL) will increase for basic insurance cover. AAL for death and TPD cover will increase from $1 million to $1.5 million. AAL for income protection will increase from $12,000 to $15,000 ...

Legalsuper updates investment, insurance fees

KARREN VERGARA  |  TUESDAY, 2 SEP 2025
... instead of 0.61%. On November 1, several insurance fee changes will take effect. For example, insurance fees charged for death and TPD cover will increase by about 5.8% p.a. Personal Division members who already have default cover in place for at least ...

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

KARREN VERGARA  |  WEDNESDAY, 27 AUG 2025
... out 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 ...

Super funds should prompt members on death benefits: SCA

ELIZA BAVIN  |  TUESDAY, 26 AUG 2025
... receive 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 ...