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Showing 1 - 10 of 993 results for "Death"

Super funds fail customer service test: SCA

KARREN VERGARA  |  TUESDAY, 14 JUL 2026
... back-office practices, notably led by Cbus and AustralianSuper. Cbus paid a nearly $24 million fine for the lengthy delay of death benefit payments, while AustralianSuper sat on death benefit claims that exceeded internal targets of four months. The ...

Aware hikes fees for former TelstraSuper members

ELIZA BAVIN  |  TUESDAY, 14 JUL 2026
... arrangements remain appropriate, fair and competitive. "Following the review, there will be an increase in premium rates for death cover, and death and total and permanent disablement (TPD) cover. This change only affects your insurance premium - your ...

Mercer Super fined $10.3m for reportable situations failures

KARREN VERGARA  |  MONDAY, 29 JUN 2026
... accounts leading to higher fees and less favourable insurance arrangements, charging insurance premiums after a member's death, and not providing death and permanent disability insurance cover for some eligible members. Finally, it made misstatements ...

Vale Alan Greenspan

ELIZA BAVIN  |  TUESDAY, 23 JUN 2026
... to his departure from the US central bank. Greenspan's wife, whom he married in 1997, Andrea Mitchell announced his death. "Alan passed away at our home this morning at the age of 100 from complications of Parkinson's disease," Mitchell said. ...

FEATURE | Member engagement | On the ball

KARREN VERGARA  |  TUESDAY, 23 JUN 2026
... then implementing that advice. That's where we see real value." Total improvement ASIC's scathing review of the death benefit claims-handling process released in March 2025 found not one trustee tracked the life of a claim from start to finish. ...

Poor succession plans expose advice firms to crisis events: Report

KARREN VERGARA  |  THURSDAY, 18 JUN 2026
Most financial advice practices are ill-prepared to manage the sudden death or permanent disablement of a principal, according to new research, underscoring widespread gaps in succession and contingency planning. Business Health's newly released What ...

Trustees lack death benefit claims uplift urgency: ASIC

KARREN VERGARA  |  WEDNESDAY, 10 JUN 2026
Two years since ASIC cracked the whip on superannuation funds to improve death benefit claims handling practices, a follow-up review found very little to no improvements have been made. ASIC's review of 45 trustees found varying degrees of urgency ...

ASIC, APRA target insurers' TPD product sustainability

KARREN VERGARA  |  MONDAY, 25 MAY 2026
... insurance risk management practices." Research from Rainmaker found TPD claims take much longer to process. Of the total death claims (13,000) and TPD claims (30,000) studied, the majority (76%) of death claims processed in just under two weeks and about ...

UniSuper pilots' digital estate planning partnership with Safewill

VINNY VUCAGO  |  THURSDAY, 21 MAY 2026
... treated within estate planning arrangements, particularly the role beneficiary nominations play in determining how super death benefits are distributed. Lubofksy noted Australians mistakenly assume their Will automatically covers their superannuation ...

Retirees leave 90% of pension unspent: AMP Super

RIDDHIMA TALWANI  |  TUESDAY, 19 MAY 2026
... retirement director Ben Hillier said on average clients are leaving around 90% of their account based pension unspent at death, which makes it important for adviser to tackle 'regret risk' in retirement. Speaking at the Financial Standard Advisers Big ...
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