Personal advice fears hinder super funds’ data collection

APRA/ASIC/super-trustees/Retirement-Income-Covenant/

Super funds are demonstrating gaps in their member data, according to a joint APRA/ASIC review, as they are concerned collecting too much information could put them at risk of providing personal financial advice.

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ASIC issues first stop order for life insurance products

ASIC has issued its first interim stop order on two life insurance products from ClearView Life for DDO failures.

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NextGen ordered by court to pay $270k for inappropriate advice

federal-court/AFCA/inappropriate-advice/nextgen/complaints/

NextGen Financial Group has been ordered by the Federal Court to pay $270,000 to an SMSF trustee over an unpaid AFCA determination regarding inappropriate financial advice.

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Jones believes industry can return to 30k advisers

Stephen-Jones/education/adviser-numbers/Sarah-Abood/super-advice/

Minister for Financial Services, Stephen Jones, believes the industry can return to 30,000 advisers but new pathways are needed as it is unrealistic to expect people to want to become advisers at 18.

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Are you with the top 10 super fund of 2022–23?

SuperRatings/esssuper/hostplus/Australian-retirement-trust/

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super.

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