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Cbus chief executive Kristian Fok.

Parties, picnics: Watchdog probes what Cbus spent on CFMEU

The financial regulator has launched another investigation into embattled superannuation giant Cbus over its expenses bill.

  • Sumeyya Ilanbey

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A decade-old secret review by former ACCC chairman Graeme Samuel into Cbus was released on Monday.

Secret report reveals super fund’s cosy culture with CFMEU

A review into the culture of the construction industry super fund, commissioned in 2015, has finally seen the light, and it says the fund was too closely linked to the disgraced CFMEU.

  • 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
The corporate regulator will enter into mediation with Cbus, chaired by Wayne Swan, avoiding a potentially protracted courtroom showdown.

Corporate cop enters into mediation with embattled Cbus

The construction sector superannuation fund has avoided a potentially protracted courtroom showdown that would have brought further scrutiny on its failure to promptly process the insurance claims of thousands of 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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Joe Longo said ASIC’s high-profile investigation into ANZ was one of the most complex investigations the regulator had undertaken.

‘Serious issues’: ANZ to learn its fate over governance scandal by mid-year

ASIC chair Joe Longo said the probe into allegations ANZ traders manipulated the bond rate was one of the most complex investigations the regulator had undertaken.

  • Sumeyya Ilanbey
MUFG chief executive Vivek Bhatia.

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.

  • Sumeyya Ilanbey
Cbus, chaired by Wayne Swan (left), was unable to demonstrate its controversial relationship with the CFMEU (pictured right, former Victorian CFMEU secretary John Setka) was in members’ best financial interest.

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.  

  • Sumeyya Ilanbey
Cbus, chaired by Wayne Swan (right), was unable to demonstrate its controversial relationship with the CFMEU (pictured right, former Victorian CFMEU secretary John Setka) was in members’ best financial interest.

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. 

  • Sumeyya Ilanbey

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