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The Latest Breaking News from Cbus

Super failings laid bare after 'deep grief, suffering'

The peak body for super funds has apologised after a financial watchdog report revealed delays were rife in paying out death benefits to bereaved families.

AAP

Super fund took more than 500 days to approve death benefit for grieving widow, Asic says

Landmark report makes 34 recommendations to overhaul the superannuation sector, citing delays, poor customer service and ineffective procedures

The Guardian - AU

The 'existential' threat facing the corporate watchdog

Corporations and regulators are struggling to adapt to modern business conditions and regular Australians are suffering as a result, says ASIC boss Joe Longo.

AAP

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Cbus-CFMEU bond 'may not be in members' best interest'

A review has cleared the board of a major superannuation fund but suggested substantial improvements after intense scrutiny of CFMEU-linked appointments.

AAP

Not just Cbus: 10 largest super funds had thousands of complaints over death and disability claims

Data from the financial watchdog strongly supports Asic’s claim ‘there is a systemic issue’ across the superannuation sector, advocate says

The Guardian - AU

Regulator wary as super fund appoints union directors

Super fund Cbus has accepted the nominations of three directors put forward by the CFMEU, the union accused of corruption and links to bikie gangs.

AAP

Cbus takes 'complete responsibility' for payout mess

The Cbus chair, who's faced calls to resign after the superannuation fund delayed disability and death payments, says he will ensure it never happens again.

AAP

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ASIC’s lawsuit against Cbus has put the big super funds on notice

Does your superannuation fund also provide you with insurance? Many of us are automatically enrolled without even realising. Now, the way super funds handle such claims has been thrust into the spotlight.

The Conversation

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

Asic has lodged federal court proceedings against Cbus after allegations the super fund failed its members ‘at their most vulnerable time’

The Guardian - AU

Boss 'sorry' as super fund resolves thousands of claims

Super fund Cbus has resolved thousands of disability and death claims subject to legal action by the financial regulator, a parliamentary inquiry has been told.

AAP

Super fund in strife over $20m in delayed payments

Superannuation fund Cbus has been accused of failing to process $20 million worth of death and disability claims in a timely manner.

AAP

Man charged with murder after woman’s body found in Penrith hotel – as it happened

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The Guardian - AU

APRA fight with CFMEU-linked super fund 'unreasonable'

Moves by the financial regulator to impose stricter conditions on a super fund connected with the CFMEU will be attacked in the Federal Court.

AAP

CFMEU administrator moves for ‘clean sweep’ of union super fund directors at Cbus

Exclusive: former national construction union secretary digs in, while ETU suspends Labor and ACTU contributions in protest of ‘trial by parliament’

The Guardian - AU

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The Guardian - AU

Cbus reviews investments after union pressure to ‘urgently divest’ from firms supplying arms to Israel

Exclusive: CFMEU campaigns against super giant’s investments with Lockheed Martin and urges ALP to halt exporting parts for fighter jets to Israel

USA Today Sports Media Group

Ohio State football 2024 early signing day tracker: Which players have made it official for the Buckeyes?

Keeping track of each of Ohio State football's 2024 recruits as they sign their national letter of intent on the beginning of the early signing period. #GoBucks

ABC News

Widows' distress compounded by delays to late husbands' Cbus Super payouts

It took 15 months for Carolyn Hocking to receive her husband's superannuation after his sudden death. She says the financial and emotional strain of the delay was "horrendous" – and she is not alone.

The New Daily

Decades of industry super profits rebut the spurious claims by vested interests

To listen to some commentators, you would think superannuation was about politics rather than retirement. What is clear after 30 years of compulsory super

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ABC News

Buyers of luxury 443 Queen Street apartment tower lose faith over delays, with new completion date set

The completion of a luxury, inner-city Brisbane apartment tower is given a new deadline for completion, amid building turmoil.

ABC News

Hutchinson Builders appointed to Cbus Queen Street project after Probuild collapse

Hutchinson Builders are appointed to finish constructing a luxury apartment tower in Brisbane's CBD that has been plagued by delays as apartment owners grow increasingly frustrated.

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