Multiple account bungle costs AustralianSuper $27mBY KARREN VERGARA | FRIDAY, 21 FEB 2025 12:31PMThe Federal Court today slapped AustralianSuper with a $27 million fine for dragging its feet on a multiple account bungle that lasted more than four years. Related News |
Editor's Choice
BT appoints new head of strategy
|A former Allianz Retire+ executive has joined BT as the new head of strategy.
ASX sees trade volumes soar in May
|ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.
Otivo launches AI-powered financial advice
|Otivo has launched a mobile app for Australians to access licensed advice powered by AI.
Munro expands access to climate focused fund
|The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
David Woodall
CHIEF EXECUTIVE OFFICER, SUPERANNUATION
INSIGNIA FINANCIAL LTD
INSIGNIA FINANCIAL LTD
Facing his greatest test yet in metamorphosing MLC Super, Dave Woodall is adamant the juice will be worth the squeeze. Jamie Williamson writes.
