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Australia’s largest super fund has been fined $27m after failing to merge duplicate accounts, leading to about $69m in losses for more than 90,000 members.

While reporting season enjoyed a strong start, results this week were softer, with banks disappointing the market and resources companies cutting dividends, markets editor David Rogers writes.

And, scoring Qantas rewards seats might be about to get easier with the airline about to turbo charge its reward program.