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Du Pre-Alba departs ASIC after reshuffle
Louise du Pre-Alba has left her role as senior executive leader - super funds at the Australian Securities and Investments Commission (ASIC), an ASIC spokesman has confirmed.
There have recently been structural refinements of stakeholder groups at the watchdog, including a merger of the investment management and superannuation groups.
Du Pre-Alba managed a number of ASIC Superannuation Choice projects and also worked on recommendations leading to the Safety in Superannuation legislation, including superannuation trustee licensing by the Australian Prudential Regulation Authority (APRA), according to ASIC.
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The future of superannuation policy remains uncertain, with further reforms potentially on the horizon as the Albanese government seeks to curb the use of superannuation as a bequest vehicle.
Superannuation funds will have two options for charging fees for the advice provided by the new class of adviser.
The proposed reforms have been described as a key step towards delivering better products and retirement experiences for members, with many noting financial advice remains the “urgent missing piece” of the puzzle.
APRA’s latest data has revealed that superannuation funds spent $1.3 billion on advice fees, with the vast majority sent to external financial advisers.
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