Sumeyya Ilanbey

Cbus chief executive Kristian Fok apologised to the 10,000 Cbus members – as well as their families – whose death and disability claims were delayed.

Maile Carnegie is trying to transform the bank’s technology, and oversee the movement of millions of customers to a new platform. It’s a mammoth undertaking.

The corporate regulator is suing National Australia Bank and seeking hefty fines over allegations it failed more than 300 customers, including domestic violence victims and the chronically ill, at their most vulnerable time.

The regulator has raised doubts over whether Cbus has completed the necessary processes under its licence conditions, after the fund said three CFMEU-linked directors had passed a fit and proper persons test and would be appointed to its board.

Three decades after the Keating government set up the superannuation system, a large cohort of Australians is now seeking to claim their entitlements – and they’re not impressed.

The former Liberal frontbencher has wasted no time in picking up a lucrative gig in the private sector.

Cbus has partially blamed administration platform MUFG for delays in paying out life insurance claims. The group’s CEO hit back on Friday.