Major super lobby group, ASFA, is arguing that privately obtained financial advice around lifetime income products equates to best practice.
The chair of ASIC, Joe Longo has confirmed he will not be seeking an extension of his term at the end of the regulatory agency.
ASIC has lamented the outsourcing of blame at all levels around the Shield and First Guardian collapses as it targets 140 individuals.
UniSuper has affirmed its commitment to meeting members’ demand for advice by promoting Andrew Gregory to its ELT as Chief Advice Officer.