The Government has today released the final report of the Quality of Advice Review.
This was seven weeks after it was handed to Minister for Financial Services, Stephen Jones, on 16 December.
The report, which was 267 pages, contained 22 specific recommendations for the industry.
These covered:
More to come
Future Group is set to take on nearly $1 billion in funds under management (FUM) and welcome more than 100,000 new members following two significant successor fund transfers.
Insignia’s Master Trust business suffered a 1.9 per cent dip in FUA in the third quarter, amid total net outflows of $1.8 billion.
While the Liberal senator has accused super funds of locking everyday Australians out of the housing market, industry advocates say the Coalition’s policy would only push home ownership further out of reach.
Australia’s largest superannuation fund has confirmed all members who had funds stolen during the recent cyber fraud crime have been reimbursed.