Published: August 14, 2018
CFS did not meet the 1 January, 2014 deadline to move to the low-fee regime
Colonial First State has admitted to failing to move thousands of members from high-fee super funds into the low-fee MySuper regime by a government deadline, meaning it committed more than 15,000 offences.
Suncorp admitted to waiting until the last minute before transferring its eligible members, with the delay boosting its profits at members’ expense.
Continue reading...from The Guardian https://ift.tt/2MlGdLz
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