The federal government will scrap a load of administrative burdens and give superannuation funds a larger role in making financial advice more affordable as it announces which out of the 22 Quality of Advice Review recommendations will become a reality for the wealth management sector.
The Australian Securities and Investments Commission released its review on compliance by investment product issuers of the Design and Distribution Obligations. Since Oct 2021, ASIC has issued 26 interim stop orders for breaches of the DDOs target market determination.