Not just key management issues,
also impose additional licence conditions.
then likely class action.
might be worse than AMP case.
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The Australian Prudential Regulation Authority has commenced disqualification proceedings against IOOF entities, directors and executives for failing to act in the best interest of super members.
The authority is seeking to impose additional licence conditions and issue directions to APRA-regulated entities in the IOOF group.
Ann: Investor presentation - IOOF FY 2018 results, page-171
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