Australian regulator imposes new conditions on pension units of Suncorp, CBA

Australian regulator imposes new conditions on pension units of Suncorp, CBA

FILE PHOTO: A Suncorp Group Ltd sign adorns their office building in Sydney, Australia, August 4, 2015. REUTERS/David Gray

Australia’s prudential regulator said on Thursday said it has imposed new licensing conditions on the pension units of Commonwealth Bank of Australia and Suncorp Group following directions by a government-ordered enquiry.