Internal documents from AustralianSuper stated: "It benefits the member by stopping the $1.50 charge on their duplicate account, but for us it means less revenue."
Eliza Bavin
 | Eliza Bavin is a senior journalist at Financial Standard and one of the hosts of the Financial Standard Podcast. She has previously worked at Sky News, Yahoo Finance and Channel 9. She has a Bachelor's degree in communications (journalism) from Charles Sturt University. |
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"We allege NAB unlawfully failed to respond to their customers' appeal for help when they needed them most," ASIC chair Joe Longo said.
ASIC has launched legal proceedings against Cbus over delays in the processing of insurance claims made by members.
A 'pre-existing condition' term in certain HCF Life policies was liable to mislead the public, the Federal Court has found.
ASIC alleges that, for almost 10 years, AustralianSuper failed to identify and merge multiple accounts for 90,000 members, costing those members $69 million.
Aussies are set to benefit from cheaper energy bills, higher Centrelink payments and more affordable medications from this month.
While the slowing of annual inflation is welcome, it may not mean an interest rate cut is on the cards.
The number of zombie companies in Australia has jumped 13.6% in the past year. So what is a zombie company?
ASIC has issued an interim stop order preventing Hirehood from offering securities under its crowd-sourced funding offer document.
Global companies spent $181 billion less on share buybacks in 2023 compared to 2022, a new report shows.
