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Retiring men keep SCT busy
Men approaching retirement age appear to make up the greatest number of people making complaints to the Superannuation Complaints Tribunal (SCT).
The SCT’s latest annual report revealed that men made up 56.2 per cent of all written complaints lodged with the Tribunal last financial year, with the average age of the complainants being 50 — and with the oldest complainant being aged 86.
The annual report revealed that death complaints comprised the largest category of all written complaints received within jurisdiction by the SCT and amounted to 34.5 per cent, followed by payments complaints which made up the second largest category at 21 per cent.
It said that administration complaints amount to 17.4 per cent of those received, followed by disclosure/fee complaints at 15 per cent and disability complaints at 10.5 per cent.
AUTHOR
Mike Taylor
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