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So now the Australian Institute of Superannuation Trustees also have major concerns with FASEA's Code of Ethics and how several of the standards will actually apply in practice.
It is understood that Eva Scheerlinck has asked for clarification from Stephen Glenfield regarding several major concerns .
This cannot proceed at this point based on a number of very serious concerns with the Code of Ethics.
We have representative associations, advisers, politicians such as Zali Steggall , Senator Amanda Stoker, Bert Van Manen and now the AIST all calling for clarification and delay in regard to the start date of the Code of Ethics.
Minister Hume simply just cannot ignore the calls for concern and must act immediately.
A refusal to act and place a stop on the legislative instrument at this stage, effectively ignores the very real concerns of so many.