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Showing 81 - 90 of 166 results for "Beneficiary"

The risk of under-insurance is real: ASFA

EMMA RAPAPORT  |  FRIDAY, 15 SEP 2017
... benefit Around five per cent of fund members will have an insurance policy death benefit paid to the fund member's beneficiary or beneficiaries or to the individual in the form of a terminal condition payment. Read Rainmaker Information director of data ...

Technical Services Forum tackles super challenges

ALEX BURKE  |  FRIDAY, 15 SEP 2017
... the example of "Walter and Susan" Chu suggested that Walter commenced TTR in 2013, nominated Susan as reversionary beneficiary, ceased work in 2015, met retirement conditions of release and died in September 2017. Chu asked whether the reversionary nomination ...

Super funds must address climate risk: Market Forces

EMMA RAPAPORT  |  THURSDAY, 3 AUG 2017
... associated with climate change risks and the cardinal requirement of a trustee to act in the best financial interests of beneficiary," the barristers said. "It follows that climate change risks can and should be considered by trustee directors to the ...

Zagga pitches alternative asset class

EMMA RAPAPORT  |  FRIDAY, 30 JUN 2017
... name of Zagga Investments as trustee for the Zagga Investment Lending Trust, and each investment will be recoded as a beneficiary for their fractional share of the loan and underlying security. "We're looking at this from the point of view of the investor ...

FSU calls out NAB for lack of standards

JAMIE WILLIAMSON  |  TUESDAY, 20 JUN 2017
Any compliance breaches made by NAB Financial Planning around the incorrect witnessing of Beneficiary Nomination forms prior to 31 May 2017 should not be included in the new conduct background check protocol. That is the view of the Finance Sector Union ...

NAB adviser puts beneficiaries at risk

JAMIE WILLIAMSON  |  MONDAY, 29 MAY 2017
... Financial Planning is undertaking a review after one of its advisers failed to correctly witness the signing of client Beneficiary Nomination Forms on more than one occasion. During a regular compliance review in late 2016, NAB Financial Planning found ...

Beneficiaries unfamiliar with death benefits

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2017
... compounded by the complainant's lack of familiarity with the role of superannuation, the tribunal said. "If a potential beneficiary doesn't understand the reasons behind the distribution decision, the unresolved complaint often makes its way to the SCT. ...

Future retirement products aided by tax exclusions

JAMIE WILLIAMSON  |  TUESDAY, 21 MAR 2017
... once they have commenced. "This rule is designed to ensure that a genuine retirement income stream is provided to a beneficiary, with benefit payments being set in a manner that does not circumvent the commutation rules or provide estate planning benefits," ...

Bankwest MD takes interim role at Praemium

ALEX BURKE  |  MONDAY, 6 MAR 2017
... and direct experience in our sector of financial services," Praemium chair Greg Camm said. "Praemium will be a clear beneficiary of his experience and capability. In addition, this appointment will enable us to conduct a full search and selection process ...

BT Panorama adds super and insurance

ALEX BURKE  |  MONDAY, 27 FEB 2017
... accumulation to pension phase; track contributions against caps; schedule one-off and regular pension payments; manage beneficiary nominations; and monitor and report on life insurance policies. "This is a crucial milestone in the build of BT Panorama ...