Court finds Active Super made misleading ESG claims in a greenwashing action brought by ASIC
5 June 2024
The Federal Court has found LGSS Pty Limited, as trustee of Active Super, contravened the law in connection with various misleading representations concerning its environmental, social and governance (ESG) credentials.
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ASIC announces 30 June 2024 focus areas and expanded program to support financial reporting and audit quality
15 May 2024
ASIC has outlined an expanded program of work to enhance the integrity and quality of financial reporting in Australia. The announcement also includes ASIC’s financial reporting and audit focus areas for 30 June 2024.
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ASIC calls on super trustees to improve gatekeeping of member savings
9 May 2024
ASIC is calling on trustees to renew efforts to protect members from unscrupulous operators amid evidence of inadequate oversight of advice fee deductions.
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Improving superannuation member services — Dealing with death benefit claims
1 May 2024
ASIC is calling on trustees to consider whether their arrangements for dealing with death benefit claims are fit for purpose, after an initial review identified areas for improvement in their public communications.
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ASIC and APRA release Superannuation CEO Roundtable notes
26 April 2024
ASIC and APRA have released the public notes on the Superannuation CEO Roundtables held on Wednesday, 27 March and Thursday, 28 March 2024.
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ASIC calls on industry to improve oversight of Choice super performance and address issues
21 February 2024
ASIC has called out the risk to retirement outcomes for Australians holding their super in persistently underperforming options, and calls on trustees, financial advisers and advice licensees to focus on the performance of Choice investment options.
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