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| | | Mercer Super allegedly failed to report seven investigations it undertook into serious member services failures, including one into premiums charged to dead members being refunded incorrectly. Lodged with the Federal Court today, the proceedings allege ... |
| | | | The Federal Court has ordered National Australia Bank (NAB) and its subsidiary ASFH Nominees to pay a pecuniary penalty of $15.5 million for failing to respond to customers facing hardship. The court found that between 2018 and 2023, NAB and ASFH failed ... |
| | | | August is a season for reporting - and board appointments. Three major super funds ART, Aware and Brighter Super announce their latest additions. At Australian Retirement Trust (ART), multiple chair appointee Anthony Lynham will join the board on August ... |
| | | | From real estate to toll roads and now, superannuation, Jessica O'Brien joins Cbus in a newly-created role. Cbus announced the appointment of Jessica O'Brien to the newly created role of head of strategy and portfolio performance in the fund's ... |
| | | | A former employee of Kerr Neilson's family office, Rodney Forrest, has been charged with insider trading and procuring others to trade Platinum Asset Management shares. At Sydney's Local Court yesterday, Forrest pleaded guilty to two counts ... |
| | | | Commonwealth Bank of Australia (CBA) said it has provisioned $52 million for remediation purposes as it finalises various class actions, including those related to superannuation and advice. CBA said the group is still defending two superannuation class ... |
| | | | Legalsuper welcomed a chief risk officer this month, hiring a former CareSuper and Aware Super executive. Christine Nguyen has joined the fund in the role, bringing more than 27 years' experience. Nguyen will be responsible for leading the fund's ... |
| | | | New research by Super Members Council (SMC) found those on the lowest wealth rungs are not benefitting from super as those further up the ladder. SMC said this was due to less paid work due to disability, health or caring responsibilities; higher costs ... |
| | | | Economists and experts are anticipating another interest rate cut to be delivered by the Reserve Bank of Australia (RBA) at its August meeting tomorrow. T. Rowe Price co-portfolio manager of the dynamic global bond strategy Scott Solomon said unlike ... |
| | | | Former property developer Michael Steele was sentenced to eight years' imprisonment after using money invested for a commercial and residential property development on the Gold Coast for his own and the benefit of family members. Steele was sentenced ... |
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