Administration complaints dominated those handled by the Superannuation Complaints Tribunal (SCT) in the March quarter.
The latest SCT bulletin, released this month, revealed that administration complaints comprised the largest category of all written complaints received within the SCT’s jurisdiction, representing 41.9 per cent, compared to 40.9 per cent in the previous quarter.
The next largest area of complaints received by the SCT related to death benefits, which represented 31.6 per cent, while those related to disability ran third with 21.9 per cent.
The SCT chair, Jocelyn Furlan said the Tribunal finalised 692 written complaints in the March quarter, an increase of 5.3 per cent compared to the previous quarter and that of those 9.7 per cent were finalised at review, with 51.7 per cent finalised at the inquiry and conciliation stage.
APRA has warned retail super trustees that financial adviser involvement in recommending platform products does not diminish their obligations, as regulators turned the spotlight on the Shield Master Fund and First Guardian Master Fund during a meeting with fund CEOs.
AMP’s chief economist has unveiled a wish list for the Australian government’s Economic Reform Roundtable.
Australian retirees could increase their projected annual incomes between 3 and 51 per cent by incorporating personal and household data into their retirement income strategies, according to new research.
The best interests duty and new class of adviser didn't make the cut for the pre-election DBFO draft bill; however, ASFA has used its submission to outline what it wants to see from the final package.