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Showing 71 - 80 of 986 results for "Death"

Life insurance premiums edge lower

ANDREW MCKEAN | TUESDAY, 6 MAY 2025

... total new individual risk premiums dropped 18.5% over the year, falling to $1.11 billion. This includes policies covering death, total and permanent disability (TPD), trauma, and income protection. Within that segment, lump sum new business fell 11.2% ...

Labor wins: What super, advice industries want

ELIZA BAVIN | MONDAY, 5 MAY 2025

... tax deal on super. The super lobby group called on the Albanese government to draft of legal reforms to around super's death benefit laws, so family violence perpetrators do not profit from their abuse. The group also called for "ending age-based ...

Rest details internal program to reform death benefit processes

ANDREW MCKEAN | FRIDAY, 2 MAY 2025

... of 'Project Scarlet,' an internal program that the fund's carried out over the past 18 months to improve its death benefit claims processes. A spokesperson for the $93 billion super fund said the program aligns with its broader ambition to ...

Super lobbies welcome bipartisan support to fight financial abuse

ELIZA BAVIN | MONDAY, 28 APR 2025

... to allows perpetrators of violence to inherit victims' super. "Under current laws, an abuser can receive a victim's super death benefit unless they are the direct cause of that person's death," Schubert said. "This applies even if the perpetrator has ...

Government to 'crack down further' on financial abuse

ANDREW MCKEAN | WEDNESDAY, 23 APR 2025

... looking at how perpetrators of domestic and family violence can be stopped from receiving their victim's superannuation after death. Superannuation advocacy body's Association of Superannuation Funds of Australia (ASFA) and Super Members Council (SMC) ...

Paying more fees doesn't speed up superannuation death benefit payouts

ANDREW MCKEAN | THURSDAY, 10 APR 2025

Paying higher superannuation fees doesn't equate to getting death benefits paid out faster, according to research by Super Consumers Australia (SCA). In the wake of a review by ASIC into death benefit claims handling practices of superannuation trustees ...

ASIC asks for input on reportable situations, IDR dashboards

JAMIE WILLIAMSON | THURSDAY, 10 APR 2025

... as a remedy. The top three products for superannuation complaints were superannuation account (73%), pension (11%), and death benefit (5%). The top three issues were service-related issues (26%), delay in following instructions (12%), and technical problems ...

Life insurers keep breaking their own rules: Report

ANDREW MCKEAN | TUESDAY, 1 APR 2025

... claims within the Code's required timeframes compared with the previous year. The report highlighted that the number of death claims taking longer than a year to resolve increased 24%, from 116 to 144. While representing only a small portion of total ...

Not one trustee tracked end-to-end claims handling times: ASIC

ANDREW MCKEAN | MONDAY, 31 MAR 2025

A review of major superannuation trustees by ASIC found that not even one monitored or reported on the full process of death benefit claims handling. The review of superannuation trustees including, Australian Retirement Trust, Avanteos (Colonial First ...

Insurance in super remains a mystery to millions of Australians

ANDREW MCKEAN | FRIDAY, 28 MAR 2025

... in risky occupations. According to modelling by the Productivity Commission, a low-income, blue-collar worker paying for death, total and permanent disability (TPD), and income protection insurance could retire with $85,000 - or 14% less - than if they ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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