ABC News & Headlines – Australian Broadcasting Corporation·4 min read·medium
More than 15.5 million Australians will have no say in who inherits their superannuation
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Nassim Khadem
✦AI Summary
Millions of Australians lack binding death benefit nominations for their superannuation, leaving the distribution of their funds to the discretion of trustees. This issue is highlighted by a case where a woman was denied her uncle's superannuation despite his stated wishes, as the fund favored his estranged son.
Brooke Allan could not claim her uncle's superannuation despite him stating, before his death, that he wanted it to go to her. ( ABC News: Daniel Irvine )
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