ASIC sues AustralianSuper over multiple superannuation accounts
8 September 2023
ASIC has commenced civil penalty proceedings against the trustee of Australia’s largest superannuation fund, AustralianSuper, alleging failures to address multiple member accounts.
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Summary of Indigenous Super Summit
ASIC facilitated the 2023 Indigenous Super Summit on 22 June 2023.
The Summit was an opportunity for the superannuation industry to contribute to addressing the unique and complex challenges First Nations peoples can experience.
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ASIC commences greenwashing case against Active Super
11 August 2023
ASIC has commenced civil penalty proceedings in the Federal Court against LGSS Pty Limited (Active Super).
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Annual Performance Assessment 2023
8 August 2023
ASIC has written to trustees regarding the 2023 annual performance assessment. It is the first year the performance assessment applies to both trustee-directed products and MySuper products.
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Conexus Retirement Conference
8 August 2023
Opening remarks by ASIC Senior Executive Leader, Superannuation and Life Insurance, Jane Eccleston and APRA Deputy Chair, Margaret Cole.
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Review finds super trustees need to improve retirement outcomes planning
18 July 2023
A thematic review of how trustees are supporting their members under the Retirement Income Covenant found trustees need to make more progress to enhance retirement outcomes. The review was conducted jointly by ASIC and APRA.
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Read the report
ASIC warns super trustees to boost efforts to consolidate duplicate member accounts
29 June 2023
ASIC is warning trustees to effectively consolidate duplicate member accounts after a recent review identified poor practices resulting in consumer harm.
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ASIC calls on super trustees to appropriately deal with member money when it is first received
26 June 2023
ASIC is calling on trustees to ensure they are meeting their legal obligations when dealing with incoming money from consumers.
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