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Showing 71 - 80 of 119 results for "Death Benefits"

Technical Services Forum tackles super challenges

ALEX BURKE  |  FRIDAY, 15 SEP 2017
... Challenger Financial Standard Technical Services Forum addressed two key concerns around superannuation reform: death benefits and the cost of aged care. Speaking on the former, Colonial First State senior technical manager Yvonne Chu described the Government ...

Super reforms hit parliament

EMMA RAPAPORT  |  MONDAY, 29 MAY 2017
... the outstanding debt under a LRBA in the value of an individual's total super balance. "As such, the changes to death benefits remain scheduled to commence from 1 July 2017," he noted. The Treasury Laws Amendment (2017 Measures No. 2) Bill 2017 will ...

Beneficiaries unfamiliar with death benefits

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2017
... members and beneficiaries proper internal dispute resolution processes. This is particularly true when it comes to death benefits, according to the Superannuation Complaints Tribunal. In the March quarter, the distribution of deceased members' death ...

Life insurance reforms to be re-introduced

JAMIE WILLIAMSON  |  MONDAY, 26 SEP 2016
... Prior to lapsing, the amended regulation allowed for the provisional inclusion of stamp duty in commissions for death benefits while the industry upgrades its IT systems, outlined the phasing down of commissions and highlighted circumstances under which ...

Longevity driving interest in risk pooled products

KERRIE SYDEE  |  WEDNESDAY, 6 JUL 2016
... understand how the mortality credits are generated and what assumptions are being made. "More generous liquidity and death benefits will generally mean reduced mortality credits for those who are longer-lived. There will always be uncertainties, and ...

Government releases draft life insurance regulations

ALEX BURKE  |  FRIDAY, 8 APR 2016
... Arrangements) Regulation 2016 bill. The amended regulation allows temporary inclusion of stamp duty in commissions for death benefits while the industry updates its "information technology systems," and also highlights circumstances where proposed clawback ...

Govt begins long-awaited retirement income review

JAMES FERNYHOUGH  |  TUESDAY, 22 JUL 2014
... them to be used as a way to avoid drawing down on superannuation. It also questioned whether DLAs should include death benefits, suggesting that there should be some limit to avoid their use as estate planning tools rather than pure longevity insurance. ...

NGS Super lifts premiums for older members

JAMES FERNYHOUGH  |  WEDNESDAY, 9 APR 2014
... significantly higher premiums and lower total and permanent disability (TPD) coverage for many members. However, death benefits and income replacement have significantly improved in many cases. Currently, a 40-year-old member receives a default TPD lump ...

MetLife poised to enter DLA market

JAMES FERNYHOUGH  |  FRIDAY, 11 OCT 2013
... with a lot of success in the US," he said, largely because if you die before benefitting from the DLA, you get no death benefits. For this reason, he said deferred income annuities (DIAs) that provide more flexibility in when they commence, as well as ...

Govt to index military age pensions

STAFF WRITER  |  TUESDAY, 30 JUL 2013
... the Defence Forces Retirement Benefits (DFRB) scheme that was closed in 1972 and the Defence Force Retirement and Death Benefits (DFRDB) that was closed in 1991. It will work by applying the higher of the Consumer Price Index (CPI) or the Pensioner and ...