Retrenchments at VFMC

The restructure of the Victorian Funds Management Corporation (VFMC) is understood to have created its first retrenchments, with unconfirmed reports that William Graus and Mary McLaughlin have not been offered new positions after all existing staff were interviewed three weeks ago.

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Super commissions to remain an unknown quantity for APRA

Despite admitting serious flaws in its super fund expense data the Australian Prudential Regulation Authority (APRA) is in no rush to change reporting rules that would force providers to reveal commission expenses, the Senate heard last month.

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