Tag: default insurance update
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ASIC Sues Mercer Super for Systemic Failures and Compliance Breaches
Australia’s corporate watchdog, ASIC, has taken legal action against Mercer Super, a $70 billion superannuation fund, alleging systemic failures. The allegations include charging insurance premiums to deceased members, creating accounts without default insurance, and failing to update member information. 2024 Premium Financed Life Insurance: The Key To Effective Estate Tax Planning | $40.26 Mercer Super,…