Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 51 - 60 of 124 results for "Death benefits"

Optimum Pensions, Generation Life launch lifetime annuity

CASSANDRA BALDINI  |  WEDNESDAY, 3 AUG 2022
... LifeIncome products offers a lifetime annuity with 23 different investment options and has reversionary benefit and death benefits. A statement called the annuity the first of its kind in Australia, and said it provides customers with the flexibility ...

Government moves to amend military super benefits tax

ANDREW MCKEAN  |  TUESDAY, 26 JUL 2022
... The Douglas decision found that certain veterans' invalidity pension payments in the Defence Force Retirement and Death Benefits (DFRDB) and Military Superannuation benefits (MSB) schemes are super lump sums for income tax purposes rather than superannuation ...

Calls for Indigenous super beneficiary changes renewed

ANDREW MCKEAN  |  MONDAY, 30 MAY 2022
... their dependents and better ensure their wishes are followed when they pass away. It was also proposed that super death benefits could be paid to the most appropriate person considering the needs of each First Australian are different and will largely ...

APRA hones in on post-retirement products

KARREN VERGARA  |  TUESDAY, 23 NOV 2021
... future generations," the RIR report read. By 2059, the review estimated that about $130 billion in superannuation death benefits will be paid out - a whopping increase from the $17 billion in 2019. "This is not great for retirees, who may be unnecessarily ...

Super runs out before death: ASFA

KARREN VERGARA  |  WEDNESDAY, 31 MAR 2021
... to future generations," the report read. By 2059, the review estimated that about $130 billion in superannuation death benefits will be paid out - a whopping increase from the $17 billion in 2019. While inheritances can help the receiver prepare for ...

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 ...