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A $667 million fraud scandal exposed widespread misconduct in Australia’s superannuation system, prompting calls for major reforms.
A major investigation has uncovered widespread misconduct in Australia’s superannuation system, leading to a $667 million scandal involving fraudulent activities by financial advisors and fund managers.
Regulatory authorities have described the misconduct as "industrial-scale," revealing systemic failures in oversight and compliance across multiple institutions.
The findings have prompted calls for sweeping reforms to protect retirement savings and restore public trust in the nation’s pension system.
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Un escándalo de fraude de 667 millones de dólares puso de manifiesto una mala conducta generalizada en el sistema de jubilación de Australia, lo que provocó llamados a reformas importantes.