Chair of Chifley, Bernie Riordan, said the licensing process gave FuturePlus members peace of mind that the fund has sound management.

“It gives reassurance to our members and clients that we are able to meet APRA’s stringent compliance standards, and that we have sound governance and risk management mechanisms in place. We view the license as the green light to further pursue our future growth strategies.” Riordan added that the group will benefit from the increase in scale and consolidation post Choice.

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