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
What this episode covers
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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Tue, 10th Sep 2024
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