People appear to still be confusing how to make complaints to the Superannuation Complaints Tribunal (SCT).
The latest data released by the SCT revealed that of the 281 complaints closed as outside the jurisdiction of the tribunal in the December quarter, 191 (68 per cent) were closed because the complainant had failed to
lodge a complaint with the trustee or the 90 day time limit had not passed from the date of complaint to the trustee.
The data, contained in the SCT's quarterly bulletin, also revealed that the highest number of complaints dealt with by the tribunal continued to relate to administration, representing 44 per cent of all complaints followed by those relating to death benefits accounting for 33 per cent.
Disability issues accounted for 17.8 per cent of complaints.
The profit-to-member super funds are officially operating as a merged entity, set to serve over half a million members.
Super Review announced 21 winners at the annual Super Fund of the Year Awards, including the recipient of the prestigious Fund of the Year Award.
A research firm has given UniSuper a glowing review, praising its strong leadership and “compact team”, as well as its “creditable governance” structure.
Assistant Treasurer Stephen Jones has defended the government’s plan to modestly cut tax concessions for Australia’s wealthiest superannuation accounts, saying it is a “fairer outcome”.