International Law

Simplifying superannuation advice

The Financial Services Working Group, a joint initiative of Treasury, the Department of Finance and Deregulation and the Australian Securities and Investments Commission to look at key issues associated with financial product disclosure and advice, has released a consultation paper on increasing access to simple superannuation advice.

The paper seeks comment on regulatory and other steps that could be taken to improve members' access to low-cost financial advice within their superannuation fund. The advice would seek to answer member queries on issues including investment choice, insurance, contribution types, nominating beneficiaries and retirement income projections.

The closing date for public submissions is 15 July 2008.

Full post as published by Australian Regulatory Compliance Review on June 01, 2008 (boomark / email).