‘Deeply concerning’: ASIC warns on gaps in oversight of $300b in super
--------------------------------------------------------------------
Source: The Age
Published: 2026-06-29 05:00 UTC+10:00
Section: Business / Banking & finance
Factuality Score: 100
Opinion Category: Neutral
Topics: Economy & Finance, Tax & Budget, Business & Economy
--------------------------------------------------------------------
Snippet:
Businesses that oversee $300 billion in superannuation savings invested via wealth platforms are not doing enough to monitor for potentially excessive financial advice fees being deducted from members’ accounts, the corporate watchdog warns.
--------------------------------------------------------------------