Is ASIC aware of the law?
Question One "....sometimes they were significantly more than his clients’ NORMAL superannuation contributions...."Does this mean any recommendation of insurance where the premium is larger than NORMAL super contributions is a no go? MASSIVE IMPLICATION FOR EVERYONE.
Question Two“ASIC found that Mr Forster had made those recommendations even though the clients had originally sought his advice because they were unhappy with their superannuation balance.”So, when a client walks in, is ASIC now saying do no further investigation of the clients needs.MASSIVE for BID.
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