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Showing 51 - 60 of 172 results for "Death benefit"

Another round of consultation for veteran super taxation

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
The government has commenced consultation on new draft regulations related to the Douglas decision, adding to the regulations introduced to parliament late last year. In November 2022, the government introduced legislation aimed at ensuring no veteran ...

Superannuation changes limit tax benefits for top earners: ASFA

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
... about a one in five chance of receiving an insurance benefit through group super coverage. In 2021, over 10,000 death benefit insurance claims totalling $1.4 billion were paid, and more than 19,000 income protection claims were paid. Also, around 16,000 ...

In need of repair: Gender stereotypes and advice

KARREN VERGARA  |  TUESDAY, 7 MAR 2023
If a male and female customer, each experiencing the same car troubles, take their vehicles for repairs to the same mechanic, who is more likely to get ripped off? That a woman will end up paying more is a tired cliché that continues to play out in ...

Regulators sound alarm on cybersecurity, fraud in super

ANDREW MCKEAN  |  FRIDAY, 24 FEB 2023
At the annual Association of Superannuation Funds of Australia conference, financial services regulators detailed their top priorities, including cybersecurity threats and fraud in the super industry. At the ASFA conference, financial services regulators ...

Trustees must improve IDR processes: ASIC

JAMIE WILLIAMSON  |  FRIDAY, 9 DEC 2022
... said consistently meeting the maximum response timeframe under RG 271 - 45 calendar days unless an objection to a death benefit distribution - is challenging some trustees, highlighting "substantial concerns with the time taken by a small number of trustees." ...

Laureola Advisors launches new fund

CHLOE WALKER  |  MONDAY, 26 SEP 2022
The US based advisory firm has launched a new fund, investing exclusively in life settlements, as the business sets in motion plans for growth in Australia. With a minimum investment of US$5 million, the fund targets an 8% net return to investors, is ...

Optimum Pensions, Generation Life launch lifetime annuity

CASSANDRA BALDINI  |  WEDNESDAY, 3 AUG 2022
Optimum Pensions and Generation Life partnered to launch an investment-linked lifetime annuity. The LifeIncome products offers a lifetime annuity with 23 different investment options and has reversionary benefit and death benefits. A statement called ...

Government moves to amend military super benefits tax

ANDREW MCKEAN  |  TUESDAY, 26 JUL 2022
The government is introducing legislation that aims to ensure no veteran pays higher income taxes because of the Federal Court decision in Commissioner of Taxation V Douglas (the Douglas decision). The Douglas decision found that certain veterans' invalidity ...

Calls for Indigenous super beneficiary changes renewed

ANDREW MCKEAN  |  MONDAY, 30 MAY 2022
The Indigenous Superannuation Working Group will lobby the new federal government to ensure it reprioritises the recognition of kinship structures in Indigenous communities for increased super access. AIST chief executive and Indigenous Superannuation ...

Sequoia Financial Group acquires legal practice

CHLOE WALKER  |  MONDAY, 10 JAN 2022
... additional services to assist financial advisers, including in the areas of account-based pensions, child pensions, death benefit pensions, pension reversion amendments and pension commutation as ever-changing laws and legislation is implemented. As ...