<p><span>An ongoing ASIC surveillance of managed funds has raised concerns that some responsible entities must do more to meaningfully oversee the way in which their funds are marketed to investors. </span></p>
<p><span>Over the past six years ASIC has overseen at least $5.6 billion in remediation for an estimated seven million Australian consumers for failures identified across the financial system. Around a further $1.6 billion is yet to be paid to an estimated 2.7 million consumers in remediations ASIC is currently monitoring.</span></p>