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ASIC has revealed surveillance of personal investment switching by directors and senior executives of superannuation trustees has identified conflicts of interests by trustees’ management. On Wedn
The corporate regulator has found failure in superannuation fund identifying conflicts of interests with superannuation trustee directors and senior executives regarding personal investment switching based on their knowledge of timing of the revaluation of unlisted assets.
ASIC has released the results of surveillance into investment switching by super fund executives during market volatility at the start of the pandemic, finding possible conflicts of interest.
ASIC has revealed surveillance of personal investment switching by directors and senior executives of superannuation trustees has identified conflicts of interests by trustees’ management. On Wedn
ASIC is investigating whether executives from 23 super funds moved their money out of unlisted asset options before they were revalued lower by the fund.