Virtual roundtable - Internal Dispute Resolution in Super
16 November 2020
ASIC is conducting a virtual roundtable on November 25th discussing Internal Dispute Resolution in Super - New Enforceable Requirements (RG 271).
This roundtable is targeted at Senior Risk and/or Compliance Persons and Trustee Office Leaders. If you are interested in attending please RSVP by 20 November to IDRinSuper1@asic.gov.au
Read the invite
Media release on updated guidance
2020-21: ASIC’s focus in superannuation
10 November 2020
Two things are certain for the superannuation industry this year: that the uncertainty and challenges created by COVID-19 are continuing, and that in the face of this uncertainty, trustees’ obligations to their members remain important. Jane Eccleston, ASIC’s Superannuation Senior Executive Leader, discusses ASIC’s priorities for 2020-21.
Read the article
Support and protections for whistleblowers
7 October 2020
The Australian Government’s whistleblower protection reforms have been in place for more than a year. Jane Eccleston, ASIC Superannuation Senior Executive Leader, reminds trustees of their obligations to support and protect whistleblowers and implement a whistleblower policy.
Read the article
ASIC extends financial advice relief related to the COVID-19 early release of superannuation
23 September 2020
ASIC is extending the financial advice relief related to the COVID-19 early release of superannuation scheme in light of the extension of the scheme by the Government.
Read the release
ASIC updates the fees and costs disclosure regime
9 September 2020
ASIC’s Superannuation Senior Executive Leader, Jane Eccleston, provides an overview of ASIC’s latest update to Regulatory Guide 97 Disclosing Fees and Costs in PDSs and Periodic Statements.
Read the article
Superannuation trustees compensate members wrongly classified as ‘smokers’
7 August 2020
Superannuation trustees that were classifying new members as ‘smokers’ by default and charging them higher life insurance premiums have ceased this practice, and some trustees have remediated members for the extra premiums paid.
Read the release
Minor updates to RG 97
24 July 2020
ASIC has released minor amendments to the fees and cost disclosure regime for issuers of superannuation and managed investment products.
Read the release
The role of super funds during COVID-19
3 July 2020
ASIC’s Superannuation Senior Executive Leader, Jane Eccleston, discusses the regulator’s focus and what it expects from industry in the current environment.
Read the article
Finding and consolidating ‘lost’ superannuation
6 May 2020
ASIC’s Superannuation Senior Executive Leader, Jane Eccleston, discusses some of the issues ASIC has identified to help trustees best guide their fund members.
Read the article
No-action position
14 April 2020
ASIC has issued a temporary no-action position for superannuation trustees to expand the scope of personal advice that may be provided by, or on behalf of, the superannuation trustee as ‘intra-fund advice’.
Media release on relief measures
Temporary no-action position
ASIC examines advice in super
3 April 2020
ASIC’s Senior Executive Leader — Financial Advisers, Kate Metz, discusses the regulator’s recent report on financial advice by superannuation funds.
Read the article
COVID-19 information
1 April 2020
Read our frequently asked questions about current superannuation regulatory issues that have arisen from the COVID-19 pandemic.
ASIC and APRA have also published a joint letter to trustees.
Member communication must be crystal clear, says ASIC
4 March 2020
PYSP reforms: Trustees must provide members with accessible, accurate and actionable information.
Read the article
ASIC and APRA welcome law reform on superannuation regulator roles
14 February 2020
ASIC and APRA have jointly welcomed the proposed legislative reforms increasing the role of ASIC in superannuation.
Read the media release
Report on PYSP Act implementation by superannuation fund trustees
12 February 2020
Report 655 details our review of trustee communications to superannuation fund members in relation to the Treasury Laws Amendment (Protecting Your Superannuation Package) Act 2019 (PYSP Act).
Read the media release
Read the report
ASIC's focus in superannuation
6 November 2019
This article by Jane Eccleston, Senior Executive Leader – Superannuation, ASIC, was first published in ASFA’s Superfunds November 2019 edition.
Read the article
Superannuation industry urged to focus on improving insurance outcomes for members
13 December 2019
ASIC has released a report on the superannuation industry’s progress in improving consumer outcomes in relation to life insurance provided through superannuation. Read the media release.
ASIC Commissioner Danielle Press has encouraged the industry to read the report and make meaningful improvements in relation to their insurance offering for the benefit of consumers.
Report on financial advice provided by superannuation funds
3 December 2019
Report 639 examines the ways in which superannuation funds help members obtain financial advice and the quality of personal advice obtained through the funds.
Read the media release
Updated RG 97 on fees and cost disclosure
29 November 2019
ASIC has released updated guidance on fees and cost disclosure for issuers of superannuation and managed investment products.
Read the media release
More super news and reports
