ASIC’s Longo denies superannuation double standards
13 March 2025ASIC chair, Joe Longo has denied the regulator is guilty of double standards when dealing with industry and retail superannuation funds.
ASIC chair, Joe Longo has denied the regulator is guilty of double standards when dealing with industry and retail superannuation funds.
Industry funds emerged largely unscathed from the Royal Commission until its recommendations led to ASIC’s empowerment as a super conduct regulator.
The cost of a comfortable retirement lifestyle was offered a small reprieve in the December quarter, but still increased in the last year.
ASIC has initiated legal action in the Federal Court against AustralianSuper over the fund’s failures around death benefits claims handling.
APRA has batted away Federal Opposition questions on whether Wayne Swan is conflicted by being both chair of Cbus and Federal ALP president.
Platforms are an increasing factor in investments into superannuation products, accounting for nearly a third of choice product assets.
The SMSF Association has expressed concern over the reported re-emergence of cold calling and other unlawful tactics to ‘sell’ SMSFs.
ASIC defended the court processes leading to it entering into mediation with Cbus over charges flowing from death benefit late payments.
It was inevitable that events in the US would impact superannuation investment returns with the latest data pointing to a negative February.
Further research has indicated that low financial confidence reported by women also extends to superannuation and retirement ‘preparedness’.
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