More than 10,000 scam victims left high and dry by banks, and a quarter of a million Aussies dob in a tax cheat. Here are five things you may have missed this week.
The Australian Financial Complaints Authority (AFCA) received a record number of complaints in the 2024 financial year, jumping 9% to more than 105,000.
AustralianSuper copped the highest number of complaints in the last six months of 2023, nearly three times more than other major super funds like Cbus, Australian Retirement Trust, and Aware Super.
The Compensation Scheme of Last Resort has made its first payments to four victims totalling more than $360,000, three of which related to bad financial advice.
The Australian Financial Complaints Authority is set to kick out Dixon Advisory in June, and will no longer accept victim complaints about the company.
A spike in complaints to the Australian Financial Complaints Authority has raised concerns that some lenders are failing to support struggling customers.
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