Wednesday, November 01, 2023

Electronic Binding Death Benefit Nomination

This is to suggest the Australian Government permit and require superannuation funds to accept an electronic binding death benefit nomination, secured with two factor authentication, which do not lapse. I just asked two people to witness my form. They both commented that they should get around to doing this. But it requires filling out a paper form, getting two people to witness it, and then sending the paper form in. So I suspect few do, resulting in suffering and cost for their dependents. This could be changed to a simply click of a mouse on the fund's website.

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