December 17, 2015
by Charles Page
As ASIC is being made aware of more and more fraudulent practices in the areas of Financial Advice and Superannuation, it is important now more than ever to understand how your Superannuation is being managed.
ASIC are monitoring, albeit somewhat belatedly, the provision of Superannuation Advice, Financial Advice and Audit practices, with ongoing reviews about best advice for the individual – not the Financial Institution or advisor – with Commonwealth Bank, Macquarie and Storm Financial. Most recently, ASIC banned an advisor for six years for improper advice and practices around Superannuation and disqualified three Self Managed Superannuation Fund Auditors.