ASIC Reports Findings from 2 Projects

ASIC has released a report (Report 529) of its findings from 2 projects examining experiences of superannuation members and the effectiveness of superannuation disclosures. ASIC’s findings and expectations have significant ramifications for the industry, whether or not you agree with them. The report contains some interesting conclusions relating to insurance disclosures and claims including: It…

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Insurance claims – a new trend to place trustees in the firing line?

There are definite trends in superannuation litigation, particularly in relation to insured benefits. Many funds will have noticed that proceedings are often being commenced earlier than they were in the past.  More recently we have noticed that plaintiffs are also seeking ways to render trustees liable for failing to take a more proactive role in…

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