Troubled industry fund Cbus is being sued by ASIC for repeated failure to handle death benefits and TPD insurance claims, which has caused an estimated $20 million loss to claimants. It’s sparked calls from consumer groups and the opposition for the government to ramp up oversight of the sector.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
Compliance