People appear to still be confusing how to make complaints to the Superannuation Complaints Tribunal (SCT).
The latest data released by the SCT revealed that of the 281 complaints closed as outside the jurisdiction of the tribunal in the December quarter, 191 (68 per cent) were closed because the complainant had failed to
lodge a complaint with the trustee or the 90 day time limit had not passed from the date of complaint to the trustee.
The data, contained in the SCT's quarterly bulletin, also revealed that the highest number of complaints dealt with by the tribunal continued to relate to administration, representing 44 per cent of all complaints followed by those relating to death benefits accounting for 33 per cent.
Disability issues accounted for 17.8 per cent of complaints.
In a recent statement, Shadow Assistant Minister for Home Ownership and Liberal Senator for New South Wales, Andrew Bragg, accused 'Big Super' of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
A “concerning” number of Aussies don’t know what they pay in super fees, a young super fund has said.
The corporate regulator has shared some ‘disappointing’ findings upon reviewing the public communications of more than 20 trustees with regards to death benefits.
According to the industry body, funds should have an obligation to transfer members in failing products to better-performing products in a timely way.
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