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Showing 1 - 10 of 119 results for "Death Benefits"

UniSuper pilots' digital estate planning partnership with Safewill

VINNY VUCAGO  |  THURSDAY, 21 MAY 2026
... 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, despite ...

Super funds get ahead of proposed minimum service standards: KPMG

KARREN VERGARA  |  TUESDAY, 19 MAY 2026
... payments. The government now wants all super funds to step up and force the timely and compassionate handling of death benefits, fair and efficient processing of insurance claims, and clear, respectful and accessible communications with members. The ...

SMC backs proposal to close family violence super loophole

VINNY VUCAGO  |  FRIDAY, 1 MAY 2026
... violence or unlawful killing. It also supported allowing trustees to consider evidence of abuse when deciding how death benefits are distributed, even if the abuse was not a direct cause of death. SMC said empowering trustees to make these decisions ...

Treasury proposes advice education standard reforms

KARREN VERGARA  |  TUESDAY, 17 MAR 2026
... and raises important questions about how Division 296 will operate in practice, particularly where the payment of death benefits can span multiple years due to matters outside of a trustee's control," he said. There is also the potential for differences ...

Major super reforms cost members $670m in death benefits: ASFA

KARREN VERGARA  |  FRIDAY, 6 MAR 2026
... Super Package (PYS) and the Putting Members' Interests First (PMIF) reforms result in $670 million in foregone death benefits each year, new research from the Association of Superannuation Funds of Australia (ASFA) shows. Seven years since the two ...

Treasury proposes options to block victim-survivors' super going to perpetrators

JAMIE WILLIAMSON  |  THURSDAY, 5 MAR 2026
... Consultation is now open on reforms to prevent perpetrators of domestic and family violence from receiving the super death benefits of their victims. Under current law, a superannuation trustee may be required to pay a death benefit to a person who perpetrated ...

AFCA receives record complaints in 2025

MATTHEW WAI  |  THURSDAY, 26 FEB 2026
... (7,687) in 2025 was driven by delays in handling claims and disputes over claim decisions. While complaints about death benefits have remained steady, the main pressure points were timeliness and transparency in the claims process, AFCA explained. The ...

Aussie veterans front Senate over underpaid pensions

ELIZA BAVIN  |  THURSDAY, 19 FEB 2026
... unfairly reduced. Williamson retired from the Navy in 1982 and was a member of the Defence Force Retirement and Death Benefits (DFRDB) Scheme. The scheme was open to members of the defence force between 1972 and 1991, at which point it was closed to ...

Most read in 2025: Superannuation

ELIZA BAVIN  |  MONDAY, 22 DEC 2025
... delayed death benefit payments In February, AustralianSuper was investigated by ASIC over delays in paying out death benefits, after it remediated members last year. AustralianSuper announced last November that it would compensate around 7000 beneficiaries ...

FEATURE: Fund admin | Tight Ship

KARREN VERGARA  |  FRIDAY, 24 OCT 2025
... fundamentals of their administrative processes right. ASIC's scathing March report into the timely payments of death benefits asks an even more disturbing question: do they know the processes at all? ASIC commissioner Simone Constant told Financial Standard ...
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