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ASIC has slammed super funds for employing communication strategies that may have confused or misled members about their product’s performance. In a statement released on Friday 24 June, the corpo
ASIC has conducted a review into how superannuation funds communicated their performance test failures to members, revealing some may have risked misleading members.
ASIC has slammed super funds for employing communication strategies that may have confused or misled members about their product’s performance. In a statement released on Friday 24 June, the corpo
ASIC is warning super trustees to ensure they communicate upcoming performance test outcomes correctly to members, saying some of the funds that failed the test last year also failed to adequately inform members.
<p><span>ASIC today released the findings from its review of superannuation trustees’ communications with their members following the first annual performance test for MySuper products.</span></p>