Cbus board appointments prompts tough talk from APRA
Superannuation

Cbus board appointments prompts tough talk from APRA

The regulator has raised doubts over whether Cbus has completed the necessary processes under its licence conditions,after the fund said three CFMEU-linked directors had passed a fit and proper persons test and would be appointed to its board.

  • bySumeyya Ilanbey

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Cbus scandal revives ghosts of banking royal commission
Opinion
Superannuation

Cbus scandal revives ghosts of banking royal commission

The allegations against one of the country’s biggest superannuation funds is politically explosive and hugely embarrassing for one of the so-called gamekeepers of governance.

  • byElizabeth Knight
Super giant apologises for ‘unacceptable’ insurance delays
Superannuation

Super giant apologises for ‘unacceptable’ insurance delays

Appearing before a Senate inquiry on Thursday morning,Cbus chief executive Kristian Fok was grilled on a litany of scandals engulfing the embattled fund.

  • bySumeyya Ilanbey
Super funds warned over delays in assessing life insurance claims
Superannuation

Super funds warned over delays in assessing life insurance claims

ASIC believes the scale of alleged failings at $94-billion super fund Cbus are a broader industry issue,and it’s flagged there could be more “enforcement action to follow”.

  • bySumeyya Ilanbey andClancy Yeates
Corporate regulator sues Cbus over unresolved insurance claims
Superannuation

Corporate regulator sues Cbus over unresolved insurance claims

The corporate regulator is taking the embattled construction superannuation fund to court for not processing death and disability insurance claims in a timely manner,costing its members about $20 million.

  • bySumeyya Ilanbey
Union firebrand Paddy Crumlin among three directors nominated for Cbus board
Exclusive
Building Bad

Union firebrand Paddy Crumlin among three directors nominated for Cbus board

The administrator of the trouble-plagued CFMEU has nominated three directors to the $94 billion superannuation fund Cbus.

  • bySumeyya Ilanbey
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CFMEU boss allegedly bragged of corrupt contract connections at $94b super fund
Exclusive
Trade unions

CFMEU boss allegedly bragged of corrupt contract connections at $94b super fund

Police allege the high-ranking official boasted to corrupt building firms that he could secure them lucrative jobs on construction projects financed by superannuation giant Cbus.

  • byNick McKenzie,David Marin-Guzman andBen Schneiders
Scrap minimum withdrawal rules for retirees with low super,Cbus says
Superannuation

Scrap minimum withdrawal rules for retirees with low super,Cbus says

Cbus said the system was too complex,and as a result,its members,whose super balances are lower than the average population,were financially worse off.

  • bySumeyya Ilanbey
Young workers in dangerous jobs left without proper insurance cover,warns Cbus
Exclusive
Superannuation

Young workers in dangerous jobs left without proper insurance cover,warns Cbus

Cbus says superannuation ‘stapling’ has failed,causing more harm than good,and calls for an overhaul of the policy.

  • bySimone Fox Koob
Super funds stage stunning recovery on sharemarket rally
Analysis
Superannuation

Super funds stage stunning recovery on sharemarket rally

Growth superannuation investment options recouped almost all of their losses of the 2021-22 financial year in July.

  • byJohn Collett
Tom McDonald:union leader and pioneer of superannuation
Obituaries

Tom McDonald:union leader and pioneer of superannuation

McDonald instigated stronger health and safety practices and better working conditions in the building sector,and made a great contribution to wellbeing.

  • byMichael Easson