Business
‘APRA is now awake’: Prudential regulator investigating The New Daily – Sydney Morning Herald
The prudential regulator will look at news outlet The New Daily in a review of how the superannuation industry is spending members’ money.
The New Daily chair Cath Bowtell, a former ACTU official and former Labor candidate for the seat of Melbourne, has said the website is not funded by members.
“TheNew Daily is a highly successful service to industry super funds, to engage members and improve their financial literacy,” Ms Bowtell said. “It operates under an editorial charter of independence. The recent royal commission into the finance industry looked at The New Daily, as have regulators. No issues were found, unlike with the scandal…
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