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Hmm, the implications are that maybe a Binding Death Benefit Nomination isn't binding no matter the assurances provided by superannuation funds.The need for a further certificate indicates to me that insurance issues could have been involved but why that cannot be treated as a separate matter to paying out the the superannuation balance itself is beyond me. The demand for an additional certificate certainly would not be certifying the lady was still alive![URL unfurl="true"]https://www.abc.net.au/news/2023-09-10/superannuation-death-payout-delays/102828186[/URL]I recognise Trustees can be sued if they get it wrong, yet...............
Hmm, the implications are that maybe a Binding Death Benefit Nomination isn't binding no matter the assurances provided by superannuation funds.
The need for a further certificate indicates to me that insurance issues could have been involved but why that cannot be treated as a separate matter to paying out the the superannuation balance itself is beyond me. The demand for an additional certificate certainly would not be certifying the lady was still alive!
[URL unfurl="true"]https://www.abc.net.au/news/2023-09-10/superannuation-death-payout-delays/102828186[/URL]
I recognise Trustees can be sued if they get it wrong, yet...............
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