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Showing 51 - 60 of 119 results for "Death Benefits"

Super fund expands investment exclusions

ELIZA BAVIN  |  FRIDAY, 4 SEP 2020
... and income protection cover. "Our insurer previously had the right to invoke a clause to exclude the payment of death benefits in certain circumstances due to Pandemic Illness," HESTA said. "This clause was never invoked by our insurer when the COVID-19 ...

Challenger launches new lifetime annuity

KANIKA SOOD  |  MONDAY, 24 AUG 2020
... comprehensive retirement solutions." The product runs of the entire life time of the annuity buyer, and has guaranteed death benefits, and flexibility to withdraw and be paid a lump sum if a client's circumstances change within the withdrawal period. ...

It's not you, it's quarantine

ELIZA BAVIN  |  THURSDAY, 9 APR 2020
... because superannuation can only go to tax dependants. "You need to make sure the estate has a separate superannuation death benefits trust in it, and this is the part most people don't understand," Hacker said. "For a normal trust you have all sorts ...

Latest data reveals super admin problem

ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
... 31 December 2019. Group life insurance was the second largest issue, making up 37.6% of complaints, followed by death benefits distribution at 11.3% and pension issues with 1.4%. In terms of life insurers, TAL received the most complaints, followed by ...

Commonwealth Super mulls platform changes

KANIKA SOOD  |  MONDAY, 13 JAN 2020
... Sector Superannuation Scheme, Military Superannuation and Benefits Scheme, and the Defence Force Retirement and Death Benefits (DFRDB). It is also responsible for pension payments out of two DB schemes that are now closed to new members. Together, members ...

ATO clarifies SMSF death benefit income streams

KARREN VERGARA  |  MONDAY, 22 JUL 2019
... Regulations 1994, the ATO warned. If a breach occurs, trustees must act swiftly to prevent other potential by ensuring death benefits can cashed as soon as practicable. This is by immediately cashing the benefit in the form of a new retirement phase ...

Super fund introduces further group insurance changes

KARREN VERGARA  |  MONDAY, 1 JUL 2019
... "To recognise this, we have introduced gender-based pricing." Members can apply for an early release of insured death benefits if they suffer from an illness that will lead to death within 12 months. This timeframe will change to 24 months from August ...

Sargon launches SMSF alternative

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2019
... reliable and accessible estate planning, Rutter said. "Members can rely on the trustee to carry out and pay their death benefits according to their instructions. This is particularly important for members who have a blended family, or in cases where ...

Super tax strategies a hot topic

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... finding out how to access super at preservation age; how transition to retirement pensions work; and paying super death benefits. AMP technical strategy manager John Perri said: "We've seen an increased focus on clients looking for ways to reduce their ...

Treasury proposes standardised default insurance definitions

KARREN VERGARA  |  FRIDAY, 29 MAR 2019
... death benefit nominations is open for consultation until May 24. Legislation on the distribution of superannuation death benefits, ATSI peoples' kinship structures and how the law accommodates these structures are up for discussion. The consultation ...