The corporate watchdog has blasted top superannuation executives for failing to prioritise grieving families when paying out their members’ death benefits.
The Federal Court ruled that AustralianSuper breached the law when it did not merge members’ duplicate accounts.
The corporate regulator is investigating AustralianSuper for taking too long to pay out death benefits to beneficiaries of its deceased members.
Australian super funds’ expenses swelled to almost $13 billion last financial year,including a $500 million splurge on an advertising and sponsorship blitz.
Grieving family members would get faster access to the superannuation of deceased loved ones under mandatory standards the Albanese government plans to introduce if re-elected.
Three decades after the Keating government set up the superannuation system,a large cohort of Australians is now seeking to claim their entitlements – and they’re not impressed.
Should superannuation funds spend millions of dollars on advertising? What is the financial benefit of sponsoring AFL teams? These are the questions the regulator has been asking.
Directors at companies failing to meet any climate commitment criteria received higher support in 2023 than those that met them,according to new research.
Engage or divest? How can big super work towards a more sustainable world?
Australians hold trillions in superannuation and bank savings accounts. The federal government is looking at ways for that cash to go into housing and net zero technologies.