Super Scandal: Why Industry Funds Are Failing Their Members

AustralianSuper Sued For Withholding Death Benefits

Australia’s largest industry super fund, AustralianSuper, is being sued by ASIC for failing to process thousands of death benefit claims "efficiently, honestly, and fairly" between 2019 and 2024. This follows similar legal action against Cbus last year over delays in more than 10,000 death and disability payments.

AustralianSuper allegedly delayed payouts to at least 752 deceased members’ families—funds that should have been swiftly delivered. This isn’t just an oversight; it’s a fundamental betrayal of trust.

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Is Your Super Fund Failing You?

Super funds are meant to safeguard your future, but ongoing scandals expose serious cracks in the system. How can members trust a fund that prioritises red tape over real people?

ASIC’s lawsuit raises a critical question: If one of Australia’s largest super funds can mishandle death benefits, what else is being mismanaged?

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A Smarter Way To Build Wealth

Instead of relying on industry funds riddled with delays, investors are turning to property—where they have real control. That’s where Supavest OCP and TIC Property stand out.

Property investment offers tangible assets that grow in value while generating passive income. With Supavest OCP and TIC Property, you’re not at the mercy of slow-moving fund managers—you’re in charge of your financial future.

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Take Control Of Your Future

If you’re tired of industry funds putting profits over people, explore smarter investment strategies. 

Download our free eBook to learn how Supavest OCP and TIC Property can help you build real wealth—without waiting years for what’s yours.