Industry superannuation guru Garry Weaven doubts there will be civil or criminal referrals stemming from the financial services Royal Commission despite the "fees for no service" scandal and evidence that banks lied to the corporate regulator ASIC.
Mr Weaven, known as the godfather of superannuation, is retiring as chairman of IFM Investors which manages $107 billion of funds.
But Mr Weaven believes the federal government will cease its campaign to shake up industry fund boards given scant evidence that industry super has been engaged in misconduct.
Garry Weaven speaks with the ABC's Peter Ryan.
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