POWERED BY MOMENTUM MEDIA
Administration dominates superannuation complaints
Administration complaints continue to dominate the work of the Superannuation Complaints Tribunal (SCT).
That is the bottom line of the data released by the SCT this week, which revealed that administration complaints accounted for just over 46 per cent of those handled during the June quarter, followed by complaints relating to death benefits, which accounted for 35.9 per cent.
Complaints relating to disability issues accounted for 12.9 per cent of the complaints handled by the SCT.
The SCT data suggested that the number of complaints received rose in line with the manner in which the global financial crisis impacted superannuation returns between late 2007 and early 2009 before tapering off to its present levels.
There is, as yet, no indication from the data on whether the current market volatility will generate a further rise in activity for the SCT.
AUTHOR
Mike Taylor
Recommended for you
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.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
