Tick-a-box approaches to compliance may not only be expensive and time consuming but they could also be holding advisers back from taking the next step in putting ethics into practice and advancing towards broader community trust and professional recognition, JB Were’s Kym Bailey and McMahon Clarke’s Selina Nutley discuss.
Shield, First Guardian growth was captured in APRA performance test data
Analysis of data collected by APRA for the annual superannuation performance test showed the prudential regulator could see the rapid growth of the Shield and First Guardian master funds. But the regulator defended inaction, saying it doesn’t have the capability to investigate any red flags.
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