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Richard Holden

Unlisted assets mask awkward questions about super governance

We need to be sure that on valuations, trustees are not conducting some tick-a-box exercise and playing with the retirement savings of members.

In a scandal eerily reminiscent of the crisis precipitating the banking royal commission, Cbus is grappling with the fallout from its own treatment of dead customers and their distraught families. It’s a toxic brew of incompetence, indifference, and immoral behaviour.

Awkward questions about the role of certain unions in the governance of super funds are also rightly being raised.

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Richard Holden is Scientia Professor of Economics at UNSW Business School. Connect with Richard on Twitter.

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    Original URL: https://www.afr.com/policy/tax-and-super/unlisted-assets-mask-awkward-questions-about-super-governance-20241121-p5ksks