Watch

ASIC denounces super funds' poor handling of death benefit claims

Published
A scathing review into the handling of death benefit claims by super funds has exposed a litany of failures. The Australian Securities and Investments Commission has put Australia's $4.1 trillion superannuation sector on notice, handing down 34 recommendations to improve death claims processing. The investigation also revealed the disproportionate impact on First nations families, prompting calls for mandatory, legislated customer service standards.
Tags
Finance
Share

Recommended for you

An artistic digital illustration celebrating the Lunar New Year. The central focus is a glowing, golden horse reared up on its hind legs, surrounded by traditional festive symbols and a flame.
A composite image of Donald Trump's face over blue digital security graphics, with silhouetted travellers pulling suitcases in the foreground.
A crowd of people in a grassy area by the beach.
Protesters march at a pro-Palestinian rally.
Closeup of a mold wall with fungus
An aerial view of a town.
Chris Bowen sitting in parliament, with a man and a woman behind him sitting on a green bench.
A man holding a Puerto Rican flag in front of long grass.

Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Watch now

Watch the latest news videos from Australia and across the world