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‘Deeply concerning’: ASIC warns on gaps in oversight of $300b in super
Businesses that allow members to have greater control over their super investments are not doing enough to monitor for high fees, the corporate watchdog says.
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afr.com
ASIC warns savers at risk as big wealth platforms leave $300b exposed
An analysis has bluntly concluded the platforms are “not doing enough to protect members” even after the $1 billion failure of Shield and First Guardian.
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smh.com.au
‘Deeply concerning’: ASIC warns on gaps in oversight of $300b in super
Businesses that allow members to have greater control over their super investments are not doing enough to monitor for high fees, the corporate watchdog says.
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abc.net.au
Corporate watchdog puts Australia's $4.5 trillion super industry on notice
The corporate watchdog is concerned that super trustees that manage Australians' retirement savings have a lack of safeguards in place.