APRA imposes additional conditions on Equity Trustees Superannuation
APRA has imposed additional licence conditions on Equity Trustees Superannuation (ETSL) to address governance concerns including oversight of platform investment options. ETSL acts as trustee for 11 registrable superannuation entities (RSEs) and has approximately 649,000 member accounts and over $37 billion in funds under management. The additional licence conditions follow APRA’s recent thematic review of the investment governance, strategic planning and member outcomes practices of...
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