Cbus
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
Latest
Opinion
Superannuation
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
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
Super funds warned over delays in assessing life insurance claims
ASIC believes the scale of alleged failings at $94-billion super fund Cbus are a broader industry issue, and it’s flagged there could be more “enforcement action to follow”.
- by Sumeyya Ilanbey and Clancy Yeates
Corporate regulator sues Cbus over unresolved insurance claims
The corporate regulator is taking the embattled construction superannuation fund to court for not processing death and disability insurance claims in a timely manner, costing its members about $20 million.
- by Sumeyya Ilanbey
Exclusive
Building Bad
Union firebrand Paddy Crumlin among three directors nominated for Cbus board
The administrator of the trouble-plagued CFMEU has nominated three directors to the $94 billion superannuation fund Cbus.
- by Sumeyya Ilanbey
Exclusive
Trade unions
CFMEU boss allegedly bragged of corrupt contract connections at $94b super fund
Police allege the high-ranking official boasted to corrupt building firms that he could secure them lucrative jobs on construction projects financed by superannuation giant Cbus.
- by Nick McKenzie, David Marin-Guzman and Ben Schneiders
Scrap minimum withdrawal rules for retirees with low super, Cbus says
Cbus said the system was too complex, and as a result, its members, whose super balances are lower than the average population, were financially worse off.
- by Sumeyya Ilanbey
The gleaming CBD ‘fryscraper’ too glittering and mirror-like for its own good
Imagine, if you will, a Melbourne tower so spectacular, so … reflective, that it beams light so intensely it cooks people in the building opposite. Well, our CBD has just that.
- by David Estcourt and Kishor Napier-Raman
Exclusive
Superannuation
Young workers in dangerous jobs left without proper insurance cover, warns Cbus
Cbus says superannuation ‘stapling’ has failed, causing more harm than good, and calls for an overhaul of the policy.
- by Simone Fox Koob
Analysis
Superannuation
Super funds stage stunning recovery on sharemarket rally
Growth superannuation investment options recouped almost all of their losses of the 2021-22 financial year in July.
- by John Collett
Original URL: https://www.watoday.com.au/topic/cbus-jlc