ASIC tells super trustees to improve TMDs
ASIC is calling on superannuation trustees to review and improve the effectiveness of target market determinations (TMD) for their products.
Source: financialstandard.com.au
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ASIC calls on super trustees to improve TMD effectiveness
The corporate watchdog has issued a call out to superannuation trustees. ASIC has called on superannuation trustees to improve the effectiveness of target market determinations (TMD) after a sample r
Source: investordaily.com.au
ASIC orders super funds to shape up over DDO - Professional Planner
After reviewing a sample of super fund target market determinations the regulator has deemed many to be ineffective.
Source: professionalplanner.com.au
ASIC flags issues with internal dispute resolution arrangements
Superannuation trustees are being urged to review their internal dispute resolution arrangements after the first stage of an ASIC surveillance found indicators of significant compliance issues.
Source: superreview.com.au
ASIC flags 'significant' IDR compliance issues at super funds
An analysis of close to 50,000 complaints made to super funds has found some trustees are failing to adequately record and respond to member complaints, including some not being responded to at all.
Source: financialstandard.com.au