In Focus: Australia's pension industry shaken by trade union scandal

A powerful Australian trade union, the Construction, Forestry, Maritime, Mining and Energy Union (CFMEU) is at the centre of a storm that could reshape the country's A$3.9 trillion ($2.6 trillion) superannuation sector. As allegations of misconduct within the union surface, scrutiny has turned to the governance, independence, and accountability of industry superannuation funds with close ties to the CFMEU, particularly Cbus and BUSSQ. A fierce debate is now ongoing about the rol…