Super funds have been granted additional time to update disclosure documents with details of the Australian Financial Complaints Authority (AFCA).
AFCA will start dealing with complaints from 1 November 2018. The new external dispute resolution body replaces the SCT, CIO and FOS.
ASIC has announced that it has granted super funds and financial firms disclosure relief during the transition to AFCA. The transitional relief applies until 1 July 2019, which ASIC says will allow them time to update mandatory disclosure documents and periodic statements.