Tue, 10th Sep 2024 episode artwork

EPISODE · Sep 9, 2024

Tue, 10th Sep 2024

from Superannuation News Wrap · host Paige Estritori

The podcast by Financial Services Online explores key developments in Australia's superannuation landscape. Recently, the Australian Prudential Regulation Authority (APRA)'s increased scrutiny became necessary due to AustralianSupers $1.1 billion loss from its Pluralsight investment, which reflects ongoing concerns about superannuation funds overinvested in private tech companies. Despite their financial hit, AustralianSuper remains committed to private equity. The increased examination by APRA seeks to enhance investment governance and prevent future setbacks. Additionally, United Super and the Building Unions Super Scheme of Queensland have also come under APRA's watch due to corruption allegations. Despite APRA's strict measures, the latter continues to hold its ground legally. The podcast wraps up by highlighting new controversial federal laws authorizing ministerial intervention in the Union's construction realm, underlining the governance issues within Australia's superannuation industry.n

Episode metadata supplied by the publisher feed · Published Sep 9, 2024

The podcast by Financial Services Online explores key developments in Australia's superannuation landscape. Recently, the Australian Prudential Regulation Authority (APRA)'s increased scrutiny became necessary due to AustralianSupers $1.1 billion loss from its Pluralsight investment, which reflects ongoing concerns about superannuation funds overinvested in private tech companies. Despite their financial hit, AustralianSuper remains committed to private equity. The increased examination by APRA seeks to enhance investment governance and prevent future setbacks. Additionally, United Super and the Building Unions Super Scheme of Queensland have also come under APRA's watch due to corruption allegations. Despite APRA's strict measures, the latter continues to hold its ground legally. The podcast wraps up by highlighting new controversial federal laws authorizing ministerial intervention in the Union's construction realm, underlining the governance issues within Australia's superannuation industry.n

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This episode was published on September 9, 2024.

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The podcast by Financial Services Online explores key developments in Australia's superannuation landscape. Recently, the Australian Prudential Regulation Authority (APRA)'s increased scrutiny became necessary due to AustralianSupers $1.1 billion...

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