90% of SMSF set up advice doesn’t comply with best interest duty, ASIC finds

The Banking Royal Commission has commenced hearings into superannuation.

Around 90% of advice to establish an SMSF doesn’t comply with the best interest duty, ASIC has told the banking Royal Commission based on a yet to be published investigation. Read

3 ways SMSFs could still be dragged into the banking Royal Commission

The Banking Royal Commission has commenced hearings into superannuation.

SMSFs are meant to be excluded from the banking Royal Commission, but there are three ways they could still be dragged in according to the chair of the SMSF Association.

Criticism of super in banking RC “misguided and unwarranted”: Minister

The Banking Royal Commission has commenced hearings into superannuation.

Criticism that superannuation and insurance is to be including in the Royal Commission into Misconduct in the Bank, Superannuation and Financial Services Industry is “misguided and unwarranted”, says Minister for Revenue

Super industry welcomes Royal Commission into banks, but not into superannuation

The Banking Royal Commission has commenced hearings into superannuation.

The superannuation industry has, broadly, welcomed the Royal Commission into the banks, while being displeased that it will extend to superannuation. Read more...