Commonwealth Bank: Changing superannuation without informing
Post new topic   Reply to topic    Gripe HQ -> Top Gripes
View previous topic :: View next topic  
Author Message
delilah





PostPosted: 01 Aug 10 13:47
Post subject: Commonwealth Bank: Changing superannuation without informing

Jakke is wrong - there are a few scenarios where a Superannuation Trustee can transfer your funds without your prior consent. In fact, there are even scenarios where the government _requires_ the trustee to transfer your super to the ATO.

You may be transferred to an eligible rollover fund if:
* you were with an employer super fund & your employment finished
* your balance was under the minimum
* you qualified as a 'lost member' (ie. had returned mail, no contributions for a few years etc).
* your super fund is closing.

http://www.(DELETED)

All of this would be clearly outlined in the PDS. So maybe you should read that first?
Back to top
jakke





PostPosted: 28 Jul 10 19:01
Post subject: Commonwealth Bank: Changing superannuation without informing

Make an on-line complaint on the CBA website and spell out the problem and what you want to happen.

I have sent a couple of complaints via the CBA website and I have been contacted within a couple of days or less with a solution which in every case was most satisfactory.

CBA should not have transferred your super to another fund without your written approval. Your not responding to a letter they claimed to have sent you will not do legally.
Back to top
NGE





PostPosted: 27 Jul 10 21:53
Post subject: Commonwealth Bank: Changing superannuation without informing

Just wandering how the commonwealth bank can transfer my superannuation to another fund without first gaining my consent. it seems that all they need to do is say they sent me out a letter that i didnt respond to. I never received the letter or a confirmation call. i did receive a letter to say the funds had been transferred.

NGE Member: TVF1961
Back to top
Display posts from previous:   
DiggTechnoratiFacebookDel.icio.usStumbleUponMy Space
Post new topic   Reply to topic    Gripe HQ -> Top Gripes
Jump to:  

Powered by phpBB © 2001, 2002 phpBB Group

Contribute to NGE

    Help Notgoodenough.org raise funds to keep improving our site and helping you the consumer.



Top Issues

Myki
To Ban or Not to ban
Unrealistic Expectations
Julia Gillard


Top Gripes

Telstra
BMW
Lumar
Acer Computers
Savvy Tel
Hyundai
Sony
Tiger Airways
Australia Post
Australian Discount Holidays


Contact the customer?

Gripes Archive


Should we go to the Polls again to get a clear result?

  • Yes
  • No
Login to voteAjax Loader

So which Party will get the Independants on side?

  • Labor
  • Coalition
Login to voteAjax Loader