‘Stalinist’ APRA deterring ‘good people’ from super industry, ex-IOOF directors say

Financial Services 2019-07-12 8:08 pm By Amelia Birnie | Sydney

The former directors of troubled fund manager IOOF have slammed APRA for bringing a “truly hopeless” disqualification case against them, telling a court the prudential regulator’s “Stalinist” approach was deterring “good people and good companies” from participating in the superannuation industry.