Wild West: Shady advice threat to SMSF trend
The self-managed super funds industry is in danger of becoming a lawless frontier if rogue advisers and opportunist marketers are allowed to continue touting for business. Hasib wants the Australian Securities and Investments Commission (ASIC) to make educational and assessment requirements for SMSF advisers a priority, but accepts that the regulator is presently stretched as it consults on several aspects of the Future of Financial Advice (FoFA) reforms.


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