Michelle Levy. Photo: Jack Smith
11 August 2026 15:29
The nation’s largest superannuation fund has heeded the call of regulators to lift its risk appetite and embark on personal financial advice to members. Even with the counsel of top lawyer Michelle Levy, the megafund will find it challenging to navigate the complex advice laws as they stand, but its bullishness is likely a positive sign for the future of advice reform.
More to come.
Cbus CEO Kristian Fok has called on the regulator to provide clearer guidance on when SMSFs are economical and for greater transparency around advice fees, as the SMSF Association warns any regulatory response to the Shield and First Guardian collapse must be evidence-based and proportionate.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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