Arrogant Big Super opts out of decency
Thousands of Rest Super members wrongly slugged for insurance have been told they need to get in contact if they don’t want to keep paying the fees turned on by ‘accident’ months ago.
Thousands of Rest Super members wrongly slugged for insurance have been told they need to get in contact if they don’t want to keep paying the fees turned on by ‘accident’ months ago.
As the industry battles member service failures, the corporate regulator is turning its attention to the rapid consolidation in the market.
A financial services company that suspended redemptions in May has ties to a Melbourne property developer who is fighting allegations he spent millions of dollars on personal expenses.
The super lobby has criticised the federal Coalition’s plan for first-home buyers to dip into their retirement savings, saying the lack of supply in the market is the main issue.
Brookfield has matched offers from rivals Bain Capital and CC Capital for the wealth manager.
The corporate regulator is probing whether ASX’s settlements arm broke the law when it was unable to process batch settlements.
More than 100,000 Australian bank accounts are being used to funnel illicit funds, but the nation’s banks are struggling to put a dent in the fraud.
Australia’s most powerful super funds appear to be laying the groundwork to potentially back track on their climate stated targets.
The construction industry super fund may water down its climate targets and shift how it engages with companies on sustainability due to the strengthening anti-ESG movement.
National Australia Bank says it prevented close to $50m of customer funds going to potential scammers in the final two months of last year.
Original URL: https://www.theaustralian.com.au/author/cliona-odowd/page/15