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Showing 1 - 10 of 202 results for "Death benefit"

ASIC, APRA target insurers' TPD product sustainability

KARREN VERGARA  |  MONDAY, 25 MAY 2026
... comparison to 1% in death claims for the same period. Last year, ASIC investigated AustralianSuper for sitting on death benefit claims that exceeded internal targets of four months. Most recently, though, AustralianSuper's group insurer TAL said ...

UniSuper pilots' digital estate planning partnership with Safewill

VINNY VUCAGO  |  THURSDAY, 21 MAY 2026
UniSuper has partnered with online estate planning platform Safewill in a pilot program aimed at simplifying the Will creation process for members and improving awareness around estate planning and superannuation beneficiary nominations. Under the arrangement ...

Super funds get ahead of proposed minimum service standards: KPMG

KARREN VERGARA  |  TUESDAY, 19 MAY 2026
... back-office practices. One high profile example is Cbus paying a nearly $24 million fine for the lengthy delay of death benefit payments. The government now wants all super funds to step up and force the timely and compassionate handling of death benefits ...

Insurance premiums to drop for HESTA members

JAMIE WILLIAMSON  |  THURSDAY, 7 MAY 2026
... peace of mind at a time when it matters most." Further, from July 1 members will be able to make non-lapsing binding death benefit nominations, the minimum timeframe for new events cover is reducing from 30 days to 10, and the fund is making it easier ...

SMC backs proposal to close family violence super loophole

VINNY VUCAGO  |  FRIDAY, 1 MAY 2026
The Super Members Council (SMC) has thrown its support behind proposed legal changes aimed at preventing perpetrators of domestic and family violence from accessing their victim's superannuation. Under existing super law, a family violence perpetrator ...

Treasury proposes advice education standard reforms

KARREN VERGARA  |  TUESDAY, 17 MAR 2026
Treasury is proposing to overhaul the curriculum and learning outcomes for new entrants in financial advice, admitting that current requirements are "excessive compared to other professions". The new consultation proposes the pathway to becoming a financial ...

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

KARREN VERGARA  |  FRIDAY, 6 MAR 2026
The Protecting Your 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 ...

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

JAMIE WILLIAMSON  |  THURSDAY, 5 MAR 2026
... 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 family and domestic violence against the deceased. As super death benefits do not typically form ...

AFCA receives record complaints in 2025

MATTHEW WAI  |  THURSDAY, 26 FEB 2026
The Australian Financial Complaints Authority (AFCA) received a record number of complaints in 2025, with 111,373 complaints filed in the 12 months to December 31 - up 14% from 2024. Since its establishment, AFCA has received more than 634,000 complaints. ...

Aussie veterans front Senate over underpaid pensions

ELIZA BAVIN  |  THURSDAY, 19 FEB 2026
Fronting the Senate, Finance and Public Administration References Committee, Australian Navy veteran Peter Williamson called on the government to make him whole after it came to light his military pension may have been unfairly reduced. Williamson retired ...
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