Australia's biggest superannuation fund reveals that it has been double charging some customers, and will refund around $70 million in fees and insurance costs to about 100,000 people.
abc.net.au/news/australiansuper-s-alarming-70m-double-up-on-customer-accounts/102340878Australia's biggest superannuation fund has revealed that it has been double charging some customers, and will refund around $70 million in fees and insurance costs to about 100,000 people.
"The fund regularly identifies and combines multiple accounts held by a single member to help those members avoid extra fees," a statement on Friday said. That means it had members with multiple accounts who were potentially paying double lots of fees and insurance.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AustralianSuper to refund $70 million after overcharging 100,000 peopleThe country’s largest super fund, AustralianSuper, will pay about $70 million in refunds to around 100,000 people after finding members with multiple accounts had been overcharged.
Read more »
AustralianSuper's 'alarming' $70m double-up on customer accounts sparks calls for wider investigationAustralia's biggest superannuation fund reveals that it has been double charging some customers, and will refund around $70 million in fees and insurance costs to about 100,000 people.
Read more »
Experience: I helped rescue 100 dogs from a burning buildingWe were lunging to grab a collar or get any kind of hold on them. It was frantic
Read more »
Teen killed after getting trapped under light rail tramA teenage girl has died after becoming trapped under a tram in the Sydney’s CBD. 7NEWS
Read more »
Teen killed after getting trapped under light rail tramA teenage girl has died after becoming trapped under a tram in the Sydney’s CBD. 7NEWS
Read more »
Fortescue, BP back Australia’s $2b bid to become hydrogen superpowerMining magnate Andrew “Twiggy” Forrest and other developers of large-scale renewable hydrogen projects have thrown support behind the government’s $2 billion scheme to kickstart the fledgling industry and boost their ambitions to turn water into fuel.
Read more »