Compensation scheme cost blowout reinforces urgent need for comprehensive uplift in consumer protections

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Yesterday’s revised estimate of this year’s skyrocketing bill for the Compensation Scheme of Last Resort (CSLR) confirms the scheme is now being flooded by a surge in unpaid compensation orders

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Fix the gap: Paying super to carers could make them $45,000 better off in retirement

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Australia’s frontline carers are being made poorer in retirement because they miss out on super when caring intensively for loved ones, often for years, a new report from the Super

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Super balances growing but gender super gap persists

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New Super Members Council analysis of recently released Australian Tax Office tax data shows Australians’ super balances are growing, which means more money in retirement income for millions of everyday

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Compensation bill must be picked up by those causing harm, not everyday Australians

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The Super Members Council says the Government should not hand the bill for the Compensation Scheme of Last Resort to millions of low-paid Australians, warning it would be a dangerous

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Australians are raring to go for payday super as more businesses adjust to frequent payments

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Yesterday marks one month until the start of payday super – a reform that has very strong backing from the Australian public, new research has found. An Ideally survey of

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Level the playing field: universally high standards of governance and oversight needed to protect Australians’ super

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The Super Members Council has called for a comprehensive set of consumer safety reforms to create a level playing field of universally high standards of governance, accountability and oversight across

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Ban predatory super switching ads to protect Australians’ retirement savings

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The Super Members Council is calling for an outright ban on lead generation targeting Australians’ superannuation, warning these predatory sales tactics are putting retirement savings at serious risk. The urgent

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SMC welcomes Budget boost to make super safer, next tasks are to fix unpaid super and guarantee super to all young workers

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The Super Members Council welcomes a $17.8 million Budget boost tonight to strengthen consumer safety in super following the devastating collapses of the Shield and First Guardian schemes – and

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SMC welcomes Senate report backing payday super, urges action next to pay super to under 18s, cleaners and nannies

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The Super Members Council welcomes the Senate Economics Legislation Committee’s payday super regulations inquiry final report[1], which strongly backs the start of payday super from 1 July and declares in-principle,

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SMC welcomes new service standards for super fund members

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The Super Members Council has strongly welcomed the Australian Government’s plan to introduce mandatory service standards for superannuation funds. Member service is at the heart of what superannuation funds do.

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