Spike in super complaints

14 September 2010
| By Mike |

The Superannuation Complaints Tribunal (SCT) has reported a spike in complaints in the June quarter.

The tribunal chair, Jocelyn Furlan reported that written complaints received during the quarter increased by 13.6 per cent while telephone complaints increased by 10.8 per cent.

The highest number of complaints received by the SCT (51.3 per cent) related to fund administration while those relating to death benefits decreased slightly to 35.5 per cent with complaints about disability benefits remaining static at 10.4 per cent.

The good news for Trustees out of the SCT data is that of the 28 cases determined by the Tribunal during the quarter, the Trustee’s original decision was affirmed in 64.3 per cent of cases.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 7 months ago
Kevin Gorman

Super director remuneration ...

1 year 7 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 7 months ago

The fund manager remains positive on the outlook for gold and believes ongoing market volatility will provide opportunities to acquire small-cap stocks in promising secto...

3 days 15 hours ago

T. Rowe Price Group VP said investment strategies must adapt to an ageing population, as Australians outlive their retirement savings....

3 days 15 hours ago

First Nations Australians have faced systemic barriers accessing super, with rigid ID checks, poor service, and delays compounding inequality....

3 days 15 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
85.26 3 y p.a(%)
5