Super fund HESTA punished for locking members out of their accounts | The Business | ABC NEWS
2:18
YouTubeABC News (Australia)
Super fund HESTA punished for locking members out of their accounts | The Business | ABC NEWS
The financial regulator has sounded the alarm on superannuation giant HESTA for its handling of a seven-week planned outage that left 1.1 million members unable to access their money. APRA highlighted concerns about HESTA's risk management and board government during its transition to a new administration provider, and said the process resulted ...
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