 Ingrid’s employer paid Ingrid’s superannuation contributions into the company’s superannuation fund. There was also a $110,000 life insurance policy owned by the fund on her life. On Ingrid’s death, her husband Roland expected to be paid the full $314,000 death benefit. The trustees of the fund, instead, decided to distribute 30% directly to the children. The fund allowed Ingrid to nominate a beneficiary. Although she had nominated Roland, the trustees opted to ignore the nomination having regard to what they saw as the needs of the adult children. The trustee was not bound by the nomination.
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