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The hack attack on some of Australia’s largest super funds has exposed serious cybersecurity weaknesses.

$4.2t superannuation sector in crosshairs after cyberattacks

The financial regulator has stepped up scrutiny of the superannuation industry after a co-ordinated attack on some of the country’s largest funds exposed serious cybersecurity weaknesses. 

  • Sumeyya Ilanbey

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ASIC chair Joe Longo at an Autralian Institute of Company Directors’ conference this month after announcing the regulator was suing AustralianSuper.

Grieving Australians are suffering because of super fund failure: ASIC

The corporate watchdog has blasted top superannuation executives for failing to prioritise grieving families when paying out their members’ death benefits.

  • Sumeyya Ilanbey
The pandemic-induced dive in CEO bonuses has been short-lived.

Australia’s biggest super fund hit with $27 million fine

The Federal Court ruled that AustralianSuper breached the law when it did not merge members’ duplicate accounts. 

  • Sumeyya Ilanbey

ASIC probes Australia’s largest super fund over death benefit payouts

The corporate regulator is investigating AustralianSuper for taking too long to pay out death benefits to beneficiaries of its deceased members.

  • Sumeyya Ilanbey
APRA deputy chair Margaret Cole has put super funds on notice over their expenses bill.

How super funds are spending your money

Australian super funds’ expenses swelled to almost $13 billion last financial year, including a $500 million splurge on an advertising and sponsorship blitz.

  • Sumeyya Ilanbey
Stephen Jones says superannuation funds continue to fall short of “where we need to go”.

Labor sets clock ticking on super funds after death payout scandal

Grieving family members would get faster access to the superannuation of deceased loved ones under mandatory standards the Albanese government plans to introduce if re-elected.

  • Millie Muroi
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Somewhere along the way, disabled and bereaved Australians trying to make claims through their super funds have been let down at their most vulnerable.

‘Why do you make it difficult?’: Big super in big trouble over delayed claims

Three decades after the Keating government set up the superannuation system, a large cohort of Australians is now seeking to claim their entitlements – and they’re not impressed.

  • Sumeyya Ilanbey
APRA’s Margaret Cole is keeping a close eye on super funds’ spending. The regulator this week released inaugural data showing the scale of funds’ expenditure.

Aussie super funds racked up $12b in expenses. See how much your fund is spending

Should superannuation funds spend millions of dollars on advertising? What is the financial benefit of sponsoring AFL teams? These are the questions the regulator has been asking.

  • Sumeyya Ilanbey and Craig Butt
Market Forces chief executive Will van de Pol said the world’s biggest investment firms are failing to live up to their ‘active ownership’ claims.

Investor heavyweights failing to boot directors on climate commitments

Directors at companies failing to meet any climate commitment criteria received higher support in 2023 than those that met them, according to new research.

  • Millie Muroi
Divestment or engagement? How can super funds work towards a more sustainable world.

The big dilemma facing your super funds

Engage or divest? How can big super work towards a more sustainable world?

  • Sumeyya Ilanbey

Original URL: https://www.theage.com.au/topic/australiansuper-jla