Australian Regulator Warns Superannuation Industry to Invest in Systems and Technology to Avoid Operational Failures
The corporate regulator warned the pension industry to increase technology investment as it grows. The call aims to prevent governance and operational gaps.
Insights:
The Australian Securities and Investments Commission has issued a formal warning to the superannuation industry in Australia 
AU, urging funds to significantly increase investment in systems and technology. With the sector currently valued at A$4.5 trillion, the regulator emphasized that improved operational capability is essential to prevent future systemic risks similar to those encountered by the primary stock market operator.
AU, urging funds to significantly increase investment in systems and technology. With the sector currently valued at A$4.5 trillion, the regulator emphasized that improved operational capability is essential to prevent future systemic risks similar to those encountered by the primary stock market operator.
