Cbus has been hit with a further court enforceable undertaking with APRA also scrutinising the fund’s expenditure decisions.
TelstraSuper’s CIO. Graeme Miller, has exited his role at the fund to take up the same yet newly-created position at Mercer Super.
There are no explicit rules or rulings around whether superannuation funds funding anniversary celebrations fits with members’ best interests.
New research from Finder found some Australians have had to either put off their retirement or return to the workforce in the last two years.