Grieving families could be pushed towards asking banks to pause mortgage repayments as super funds delay some death benefit payouts.
Grieving families could be pushed towards asking banks to pause mortgage repayments as superannuation funds take more than six months to release some death benefit payouts.
A follow-up review by the Australian Securities and Investments Commission has sparked calls for mandatory customer service standards after exposing slow progress across the super industry.
Baseline Financial director Damian Medici said delays in accessing money after a death could place households under severe pressure when bills, debts and home costs continued.
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