SBS

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

A close up of an Australian magpie.
A woman stands at a podium speaking to the United Nations General Assembly
US President Trump shares remarks in the Oval Office
A man kicks a ball in a large stadium
A man in a suit standing in front of a woman in a suit
Jimmy Kimmel seated at a desk.
Cropped woman hand holding credit card to pay in cafe for food and drinks. Focus on hand and card reader. Close up
A split image showing three men, wearing formal attire, speaking.

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
facebook
X (Twitter)
instagram
youtube
tiktok
rss
Download our apps
SBS News
iOSAndroid
SBS Audio
iOSAndroid
SBS On Demand
iOSAndroid
Listen to our podcasts
SBS News Update
An overview of the day's top stories from SBS News
SBS News In Depth
Interviews and feature reports from SBS News
SBS On the Money
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
SBS News in Easy English
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.
Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch nowOn Demand
Watch the latest news videos from Australia and across the world
ASIC denounces super funds' poor handling of death benefit claims I SBS News | SBS News