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Australia's $3.9tn superannuation sector is under scrutiny. What sparked the Cbus scandal and what does it mean?

By The Guardian   |   Nov 13, 2024 at 10:03 PM EST
Australia's $3.9tn superannuation sector is under scrutiny. What sparked the Cbus scandal and what does it mean?

A major superannuation fund, Cbus, has faced criticism for significant delays in processing death and disability claims, leading to financial hardship for members. The regulator, Asic, has taken action, highlighting wider industry concerns. Cbus has apologized and set up a compensation fund.

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