Insight
Delivering Better Financial Outcomes Tranche 2A – a missed opportunity?
On 21 March 2025, the Government released the next component of its Delivering Better Financial Outcomes reforms (DBFO), which we’ve called “Tranche 2A”. Consultation on the draft legislation closes on 2 May 2025.
31 March 2025
Insight
Superannuation Trustee Advice Fee Oversight Under Scrutiny
On 9 May 2024, ASIC released Report 781, Review of superannuation trustee practices: Protecting members from harmful advice charges (Report). ASIC has expressed concern that superannuation trustees continue to have deficiencies in their oversight practices for the deduction of advice fees from members’ superannuation accounts but has confirmed that it does not expect trustees to review the advice provided to the member. The call to action from ASIC Report 781 is for trustees to review their advice fee governance arrangements and be prepared to defend them in court.
17 May 2024
Insight
Mercy shown to super fund mergers
The Mercy Super Case decision has relieved much of the anxiety caused in the superannuation industry by the BTFM Case.
27 October 2022
