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flag AustralianSuper faces legal action for delayed death benefit claims, ranging from four months to four years.

flag Australia's largest retirement fund, AustralianSuper, faces legal action from ASIC for delays in processing death benefit claims, taking between four months and four years for 6,897 claims. flag The fund is responsible for nearly a quarter of all death benefit complaints. flag AustralianSuper attributes delays to the pandemic but has since moved claim processing in-house. flag This follows similar allegations against Cbus, with ASIC highlighting governance failures in the superannuation industry.

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