this post was submitted on 30 Mar 2025
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26
Super fund took more than 500 days to approve death benefit for grieving widow, Asic says (www.theguardian.com)
submitted 2 weeks ago by [email protected] to c/[email protected]
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Landmark report makes 34 recommendations to overhaul the superannuation sector, citing delays, poor customer service and ineffective procedures

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[–] [email protected] 1 points 2 weeks ago

The etire super industru js bemusibg to me, it's diesgned for grifters to take a % of the top.

I remember an article over a decade or more ago in the AFR saying if government were serious about Suoer recorm, all thats needed is two dozen people and a bunch of computers in an office.

I am reminded that the entirety of Berkshire Hataway is run out of a single floor of an office block in Ohama

There is a significant difference between what's best for the Super Industry and whats best for superannuants, and that can enver be fixed by tinkering at the edges.

The frustrating thing is the grift fron the financial industry has been normalised and people seem happy to accept it. This article is just another in a long line of examples.