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submitted 1 month ago by [email protected] to c/[email protected]

In short:

Members of HESTA will be unable to access most services until June, as the superannuation fund undertakes a planned outage to change its administration provider.

Advocacy group Super Consumers Australia says members are "rightly worried" about the lack of services, which follows recent market volatility.

HESTA has more than 1.05 million members and around $88 billion in funds under management, making it one of Australia's largest funds.

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[-] [email protected] 3 points 1 month ago

If they mentioned the freeze before they actually froze, they would never have been able to freeze from the volume of rollovers/funds going out.

[-] [email protected] 3 points 1 month ago

Can you imagine what a crapshoot it'll be if their system migration goes badly X_X

this post was submitted on 18 Apr 2025
8 points (100.0% liked)

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