Insto news roundup: Kwap in revamp, GIC creates China fund
Canada's CPDQ to acquire 40% of CLP India; Chikyoren announces PE mandate; Kwap to undergo managerial revamp; Singapore's GIC to establish China fund, and more.
AUSTRALIA
Australian law firm Slater and Gordon announced it would launch a series of class action lawsuits against bank-owned super funds it says offered non-competitive cash interest rates on cash option funds and applied exorbitant fees, affecting millions of members.
The class actions are a response to the recently completed superannuation-focused fifth round of Australia’s Royal Commission, and the law firm said Colonial First State, owned by Commonwealth Bank, and AMP Sup…
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