Monday, August 6, 2018

Super trustees "surrounded by temptation", banking Royal Commission told

Superannuation trustees are "surrounded by temptation" and subject to conflicts of interests about their oversight of the $2.6 trillion sector, the banking Royal Commission has heard. 

Counsel assisting Michael Hodge QC has also raised concerns about whether regulators are doing enough to protect retirement next eggs. 

ABC's Peter Ryan says for many Australians, superannuation accounts for 50 percent of household assets.

Here's my report from The World Today

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