Australian Prudential Regulation Authority

ASIC Review: Super Switching & Lead Generator Risks

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A staggering $1.2 billion in Australian retirement savings has been potentially compromised by aggressive superannuation switching tactics, according to recent findings. This isn’t a future risk; it’s a present reality prompting a sweeping review by ASIC into the practices of ‘lead generators’ and the financial advisors who utilize them. The implications extend far beyond individual … Read more

Netwealth: $100M ASIC Settlement for First Guardian Investors

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Nearly $100 million is heading back into the pockets of Australians who lost their retirement savings due to the collapse of First Guardian, thanks to a landmark deal struck between Netwealth and ASIC. But this isn’t simply a story of restitution; it’s a harbinger of a new era in superannuation regulation – one where preventative … Read more

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