DBFO bill strains ‘collegiate relationships’ between advisers and super
Peak associations for super funds have backed the Delivering Better Financial Outcomes bill, but a submission from the Joint Licensees Group has detailed how flaws in the legislation could ultimately incentivise advisers to roll clients out of APRA-regulated funds if they become too bureaucratic and costly to deal with – or even because trustees may misuse the power that comes with the supervisory mandate.
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