In Focus: AustralianSuper faces ASIC lawsuit over death benefit delays
Australia's largest superannuation fund is being sued by the regulator for taking up to four years to process death benefit claims, affecting nearly 7,000 cases amid ongoing service transformation efforts.
Australia's corporate regulator has launched Federal Court proceedings against AustralianSuper for allegedly failing to process thousands of death benefit claims efficiently, in a case that highlights growing scrutiny of member services in the superannuation sector.
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