In its latest report, the corporate regulator says the deduction of advice fees has led to instances of “inappropriate erosion of members’ balances”....
The corporate regulator has shared some ‘disappointing’ findings upon reviewing the public communications of more than 20 trustees with regards to death benefits....
The corporate regulator has confirmed investigations are underway into member services by superannuation funds, starting with delays on death benefit claims....
As the merger dust settles and a raft of regulatory changes come into effect in the next 18 months, complaints management looks to be a continued challenge for super fund...
Super Review would like to wish all our readers a Happy New Year and looks forward to bringing you all the latest news in 2024. ...
ASIC has sentenced former director Mudasir Mohammed Naseeruddin over four years imprisonment for ‘egregious conduct’ and dishonestly obtaining client funds from six inves...
ASIC’s senior executive leader of superannuation and insurance Jane Eccleston believes super funds should be viewing complaints as a “canary in the coalmine” for systemic...
Super trustee OnePath Custodians has been ordered to pay $5 million for fees for no service misconduct, less than six months after being fined $1.4 million by APRA....
While ASIC still believes there is a “lack of urgency” with implementing the Retirement Income Covenant, super funds say they want to ensure their products are well-devel...
ASIC has announced its enforcement priorities for 2024, which include two new points relating to the superannuation industry....
ASIC has identified superannuation as an area where it will continue to take stronger enforcement action, according to its quarterly update....
The super trustee has received three infringement notices for allegedly misleading statements on its social media regarding the performance of one of its investment optio...
From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...