ASIC Superannuation Report Warns of Platform Risks to Retirement Savings
The Australian Securities and Investments Commission (ASIC) has issued a warning about risks in Australian platform super funds, highlighting concerns over trustee oversight, advice fees, and protections for retirement savings. In a comprehensive 29-page report titled “Safeguarding super: How well are platform trustees monitoring risks to retirement savings,” the corporate watchdog asserts that superannuation trustees are failing…