Author: Recruitment Super
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AustralianSuper Faces Legal Action Over Delayed Death Benefit Claims
AustralianSuper, one of Australia’s largest superannuation funds, is facing legal action for significant delays in processing death benefit claims. The Australian Securities and Investments Commission (ASIC) has taken the fund to the Federal Court for allegedly taking up to four years to assess around 6,897 death benefit claims between July 2019 and October 2024. This…
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What are your rights when disputing a superannuation claim?
When it comes to superannuation claims, disputes can sometimes arise between members and their funds. It is essential for individuals to understand their rights and options when facing a superannuation claim dispute. In this article, we will delve into the rights that individuals have when disputing a superannuation claim and the steps they can take…
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How to challenge unfair superannuation fees or practices
Superannuation is a crucial aspect of financial planning for many individuals, as it provides a source of income during retirement. However, unfair fees and practices by superannuation funds can erode your retirement savings over time. It is essential to be aware of these potential issues and know how to challenge them effectively. In this article,…
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Superannuation Check: Aussies Increasingly Monitoring Their Retirement Funds
In recent times, more Australians are taking a proactive approach to managing their superannuation funds, according to the latest survey conducted by Money magazine. The survey, based on 594 responses, highlighted a significant increase in the frequency of Australians checking their superannuation balances. Surprisingly, 40.7% of respondents now monitor their super on a monthly basis,…
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What are the legal obligations of superannuation trustees?
Superannuation trustees play a crucial role in managing and safeguarding the retirement savings of millions of individuals. As fiduciaries, superannuation trustees are entrusted with the responsibility of ensuring that members’ interests are prioritized and that the fund is managed in accordance with the law. In this article, we will delve into the legal obligations of…
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How to transition smoothly from work to Age Pension
Transitioning from work to the Age Pension is a significant milestone in one’s life. It marks the end of a chapter focused on career and income generation and the beginning of a new phase centered on retirement and financial stability. While this transition can be daunting for some, with proper planning and guidance, it can…
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Combine Super Accounts
Combining super accounts is a smart financial move that can help you simplify your retirement savings and potentially save on fees. Many people end up with multiple super accounts over the course of their working life, often as a result of changing jobs. Having multiple accounts means paying multiple sets of fees, which can eat…
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US Trade War Impact: Australians Brace for Superannuation Disruption
A potential disruption in superannuation is looming for Australians as a result of the ongoing US trade war. The trade tensions initiated by US President Donald Trump, particularly with countries like Canada, Mexico, and China, are sending shockwaves through the global economy. The recent implementation of tariffs on imports from these nations has sparked retaliatory…
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How to integrate superannuation and pension income for financial security
Planning for retirement can be a daunting task, especially when it comes to ensuring financial security during your golden years. Superannuation and Pension income are two key components of retirement income for many individuals, and integrating these sources effectively can help you maximize your financial resources and enjoy a comfortable standard of living in retirement.…
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How to avoid hidden costs in aged care planning
Aged care planning is a crucial aspect of preparing for the future, ensuring that you or your loved ones receive the care and support needed as they age. However, one common concern that many individuals face when it comes to aged care planning is the presence of hidden costs. These hidden costs can often catch…