ASIC chair James Shipton has revealed that personal advice provided by super funds is high on its regulatory agenda, as the royal commission turns its attention to superannuation.
Speaking at the FSC Summit in Melbourne today, Mr Shipton let slip that the corporate regulator has intra-fund financial advice in its sights.
"We are also planning a project looking at personal advice provided by superannuation funds," he said.
Mr Shipton said the new investigation will build on its existing work in the SMSF and superannuation sectors.
He also revealed that ASIC will be releasing a new report on insurance in super.
The royal commission's next round of hearings will focus on superannuation, commencing Monday, 6 August.
The central bank has announced its latest rate decision amid stubborn inflation and increasing geopolitical tension
The FAAA says that the government will be picking up the tab for just a single claim against Dixon Advisory through the ...
Research from the platform provider reveals high-net-worth investors have become increasingly interested in alternative ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin