Federal Court imposes $4m penalty on industry fundBY CHLOE WALKER | TUESDAY, 18 JAN 2022 12:51PMThe Federal Court has imposed combined penalties of $4 million on Statewide Super for providing members with misleading information regarding their insurance and failing to report the issue to ASIC in the time required.
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Featured Profile
Fiona Mann
HEAD OF LISTED EQUITIES AND ESG
BRIGHTER SUPER
BRIGHTER SUPER
Brighter Super head of listed equities and ESG Fiona Mann was shaped by a childhood steeped in military-like discipline and global nomadism. Andrew McKean writes.
Disappointing to see Statewide Super, its staff and members suffering the repetitional damage caused by a shortcoming in governance and risk management. A great fund with an unblemished record, a sad day for the thousands of loyal members and employers. A wakeup call for the fund as it merges with HostPlus.