Administration remains the major issue for complaints raised with the Superannuation Complaints Tribunal (SCT).
The SCT's latest data covering the September quarter revealed that administration-related complaints represented 42.3 per cent of the matters dealt with by the Tribunal, followed by death benefit complaints (33.9 per cent) and disability complaints (20.2 per cent).
According to the SCT assessment, of the 612 written complaints received by Tribunal during the quarter, 336 (54.9 per cent) complaints were "within jurisdiction".
It said that of the 276 (45.1 per cent) of complaints closed as outside jurisdiction, 177 had been closed because the person complaining had not first lodged a complaint with their superannuation fund or, if they had, the 90 day time limit relating to that lodgment had not expired.
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
With private asset valuations emerging as a key concern for both regulators and the broader market, Apollo Global Management has called on the corporate regulator to issue clear principles on valuation practices, including guidance on the disclosures it expects from market participants.
Institutional asset owners are largely rethinking their exposure to the US, with private markets increasingly being viewed as a strategic investment allocation, new research has shown.
Australia’s corporate regulator has been told it must quickly modernise its oversight of private markets, after being caught off guard by the complexity, size, and opacity of the asset class now dominating institutional portfolios.