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Showing 61 - 70 of 172 results for "Death benefit"

APRA hones in on post-retirement products

KARREN VERGARA  |  TUESDAY, 23 NOV 2021
APRA is adamant that retirement income products will not suffer the same fate as income protection insurance as it looks to tighten its belt in regulating the post-retirement phase. The prudential regulator's deputy chair Helen Rowell spoke of the ...

ASIC spells out IDR reporting

ANNABELLE DICKSON  |  TUESDAY, 20 JUL 2021
... became an obligation under the Corporations Act. ASIC will also consider complaints on social media, objections to death benefit recipients and insurance claims handling processes. All complaints must be responded to in 45 days.

Superannuation complaints down 31%: AFCA

KANIKA SOOD  |  MONDAY, 5 JUL 2021
... Complaints Authority (AFCA) related to account administration, followed by group life insurance (30%) and super death benefit distribution (about 13%). The most complained-about super funds for FY20 were AustralianSuper (1123 complaints to AFCA), Rest ...

Long way for super complaints overhaul

KANIKA SOOD  |  THURSDAY, 20 MAY 2021
... became an obligation under the Corporations Act. ASIC will also consider complaints on social media, objections to death benefit recipients and insurance claims handling processes. All complaints must be responded to in 45 days. Speaking at the Conference ...

Super runs out before death: ASFA

KARREN VERGARA  |  WEDNESDAY, 31 MAR 2021
New research claims that the majority of Australians deplete their superannuation savings before death, countering the Retirement Income Review's findings. The Association of Superannuation Funds of Australia (ASFA) claims that most retirees run out ...

QSuper unveils retirement income product

KARREN VERGARA  |  WEDNESDAY, 10 MAR 2021
... and 60% of it will be counted towards asset and income tests. It also has a spouse-protection option and binding death benefit nominations. A minimum of $10,000 is needed to purchase Lifetime Pension. At 60 years old, an annual payment amount at commencement ...

Successor fund transfer finalised

ELIZABETH MCARTHUR  |  TUESDAY, 17 NOV 2020
... when age or salaries changed, but Sunsuper adjusts insurance twice annually. Sunsuper does not offer non-lapsing death benefit nominations, while the IAG & NRMA plan did.

Super fund expands investment exclusions

ELIZA BAVIN  |  FRIDAY, 4 SEP 2020
A $52 billion super fund has updated its product disclosure statements to exclude investment in any company that provides services to detention centres. HESTA said the change is part of its responsible investment approach and will come into effect 1 ...

Challenger launches new lifetime annuity

KANIKA SOOD  |  MONDAY, 24 AUG 2020
Challenger has launched a new lifetime annuity with payments linked to the cash rate. The RBA Cash Linked option is the first lifetime annuity in Australia to be linked to the cash rate, according to the firm. Challenger also offers lifetime annuities ...

Macquarie to transfer legacy pension product

KANIKA SOOD  |  MONDAY, 10 AUG 2020
... longer be paid. Members with advisers will be able to authorise relationships to pay advice fees. Any current, valid death benefit nominations will be transferred over to the Pension Manager, where the nomination type is available. The transfer will ...