Brief: Australia's APRA Accepts Court Enforceable Undertaking From Netwealth Superannuation Services
17/12/2025 21:09
Dec 18 (Reuters) - Australia's APRA: ACCEPTS COURT ENFORCEABLE UNDERTAKING FROM NETWEALTH SUPERANNUATION SERVICES UNDERTAKING TO ADDRESS MATERIAL WEAKNESSES IN NETWEALTH'S INVESTMENT GOVERNANCE FRAMEWORK AND PRACTICES NETWEALTH COMMITTED TO ENGAGE INDEPENDENT EXPERT TO REVIEW ITS INVESTMENT GOVERNANCE FRAMEWORK, OTHERS AS PART OF UNDERTAKING, NETWEALTH MUST ALSO REFRAIN FROM ONBOARDING CERTAIN NEW HIGH-RISK INVESTMENT OPTIONS TO PLATFORM Further company coverage: NWL.AX ((Reuters.Briefs@thomsonreuters.com;))
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