NewsBite

Cbus

Advertisement
Company blamed for Cbus insurance delays hits back

Company blamed for Cbus insurance delays hits back

Cbus has partially blamed administration platform MUFG for delays in paying out life insurance claims. The group’s CEO hit back on Friday.

  • by Sumeyya Ilanbey

Latest

Senate committee orders Wayne Swan to explain ‘discrepancies’

Senate committee orders Wayne Swan to explain ‘discrepancies’

Cbus’ chair will be asked to clarify “gaping holes” in his testimony last week following the release of an independent inquiry examining corporate governance failures at the fund.  

  • by Sumeyya Ilanbey
Controversial Cbus-CFMEU relationship did not improve member outcomes: report

Controversial Cbus-CFMEU relationship did not improve member outcomes: report

The $94 billion superannuation giant has released the findings of the review it was ordered to undertake by the financial regulator - APRA - amid corporate governance concerns. 

  • by Sumeyya Ilanbey
Wayne Swan defends controversial CFMEU appointments to Cbus board

Wayne Swan defends controversial CFMEU appointments to Cbus board

The super giant’s chairman was hauled before a Senate committee, where he was grilled over the governance failings engulfing the embattled fund.

  • by Sumeyya Ilanbey
Wayne Swan is ‘happy to be here’ at the Senate grilling he tried to avoid

Wayne Swan is ‘happy to be here’ at the Senate grilling he tried to avoid

He looked about as thrilled as Johnny Depp and Amber Herd in the 2016 “hostage video” delivered after they smuggled their dogs Pistol and Boo into Australia.

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

‘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.

  • by Sumeyya Ilanbey
Advertisement
Former treasurer Wayne Swan hauled to inquiry over super scandal

Former treasurer Wayne Swan hauled to inquiry over super scandal

Anti-superannuation Liberal frontbencher Andrew Bragg will question Swan in a hearing over allegations Cbus mishandled $20 million of payouts.

  • by Paul Sakkal
The tangled web that links big unions and Labor to the $3.9 trillion super sector

The tangled web that links big unions and Labor to the $3.9 trillion super sector

Some of the largest and most powerful players in the Australian economy have connections to unions and the Labor Party in their DNA.

  • by James Massola
Cbus board appointments prompts tough talk from APRA

Cbus board appointments prompts tough talk from APRA

The regulator has raised doubts over whether Cbus has completed the necessary processes under its licence conditions, after the fund said three CFMEU-linked directors had passed a fit and proper persons test and would be appointed to its board.

  • by Sumeyya Ilanbey
Cbus scandal revives ghosts of banking royal commission

Cbus scandal revives ghosts of banking royal commission

The allegations against one of the country’s biggest superannuation funds is politically explosive and hugely embarrassing for one of the so-called gamekeepers of governance.

  • by Elizabeth Knight
Super giant apologises for ‘unacceptable’ insurance delays

Super giant apologises for ‘unacceptable’ insurance delays

Appearing before a Senate inquiry on Thursday morning, Cbus chief executive Kristian Fok was grilled on a litany of scandals engulfing the embattled fund.

  • by Sumeyya Ilanbey

Original URL: https://www.theage.com.au/topic/cbus-jlc