A sharp increase in the number of complaints about delays in superannuation claims handling could be due in part to tougher economic circumstances, according to the peak body for the industry.
abc.net.au/news/sharp-increase-in-complaints-about-delays-in-superannuation/102477652Australia's financial ombudsman says the number of superannuation complaints involving delays in claims handling have jumped in the past 12 months, with 1,575 complaints from June 1 2022 until May 31 2023.
The Australian Financial Complaints Authority said it was also seeing the number of complaints increase throughout the year.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Super funds wake up to private asset risks amid property dramaSuper funds aren’t stepping away from the private assets that have driven strong performance, but they are stepping up management of the surrounding risks.
Read more »
Labor to boost big super’s financial advice role - but excludes banksThe government will make it cheaper and less risky for super funds to provide more advice to members, but stop short of implementing a review’s main recommendation.
Read more »
Super bosses trump activists in Labor’s pecking orderOPINION: The government will grant Australia’s pension funds a powerful role in providing financial advice, ignoring the warnings of consumer advocacy groups.
Read more »
Hostplus shuts property, infrastructure funds as valuations plummetThe $100 billion super fund’s decision comes amid a reckoning over inflated valuations of Australia’s commercial property sector and warnings from APRA.
Read more »
Treasurer Cameron Dick all smiles as coal fight results in billions flowing into Queensland’s budgetLabor’s voter-pleasing cost-of-living handouts, new housing and health funding have now been linked to increasing royalties on mining profits
Read more »
'Don’t even want the conversation': Dutton slams Labor on energyPeter Dutton has hit out at Labor's energy policies, accusing them of 'switching off the old system before the new one's ready' as he warned of more cost of living pain for struggling households.
Read more »