Australia’s fourth largest pension fund suspended new work with PwC Australia on Tuesday, the latest in a string of funds to pause work with the accounting firm over a scandal which first surfaced in January over the misuse of government tax plans.
The decision by UniSuper, which manages A$115 billion ($77 billion), means five of Australia’s largest pension funds, managing a total of some A$865 billion, have paused work with PwC, which says it is a “leading adviser” to the sector.
UniSuper said it was concerned by recent events at PwC and the fund had suspended new contracts for the “immediate future”.
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