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Australian regulators combat misconduct risk in pensions industry

Australian regulators combat misconduct risk in pensions industry

by Starling Insights

Starling Insights Editorial Board

Observations

The Australian Prudential Regulation Authority (APRA) has warned superannuation funds that a single serious accusation of misconduct can be a prudential risk and cause reputational damage. Australia’s superannuation funds manage national wealth on behalf of Australian citizens. In recent years, a number of these firms have been embroiled in misconduct scandals that harm national interests and which have resulted in public outcry.

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