Administration complaints continue to dominate the workload of the Superannuation Complaints Tribunal (SCT).
The SCT's latest quarterly bulletin has revealed that administration-related complaints made up 46.7 per cent of those handled during the quarter, while death benefit complaints represented the second-largest category at 36.1 per cent, up from 29.1 per cent in the previous quarter.
The SCT said it had received 625 written complaints for the quarter, of which 415 were within its jurisdiction.
It said it had finalised 617 written complaints during the period.
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.