Big super reckoning: Are Australians losing faith in the system?

This week on The Fin podcast, Chanticleer columnist James Thomson and reporter Hannah Wootton on why ASIC is suing Cbus, what it means for industry funds and whether the ‘super wars’ are back.This podcast is sponsored by Aussie Broadband. Further reading:How Cbus’ big party year went horribly wrongIt’s not the biggest or the worst performing of the super funds. So why has Cbus become the poster child for the $4 trillion sector’s problems?Big Super’s reckoning has arrivedAfter 32 years of guaranteed inflows from workers and scant scrutiny, the $3.9 trillion industry faces customer fury over service, unclear investment practices and questionable governance.Super sector’s problems are much bigger than CbusThe damning review of governance at CBUS shows while industry funds have led the way in gathering and growing assets, they now need to play governance catch-up.See omnystudio.com/listener for privacy information.