ASIC flags new super fund advice probe

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.

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