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Industry bodies blast ‘unreasonable’ fee consent guidance Industry bodies blast ‘unreasonable’ fee consent guidance Adviser associations have responded in outrage to the regulators’ latest guidance to super trustees indicating they may be required to check SOAs before allowing advice fees to be deducted from member funds. A A The letter to trustees on 30 June from ASIC and APRA called out reliance on adviser attestations and basic client consent paperwork as being insufficient to determine if a member had consented to advice fees being deducted from their fund, and said trustees should undertake “further oversight practices” such as checking an adviser’s SOA.

Slade brockmanPeter johnstonSarah kendellPhil andersonPrivacy actஸ்லேட் புரோக்மேன்பீட்டர் ஜான்ஸ்டன்சாரா கெண்டெல்ல்பில் ஆண்டர்சன்ப்ரைவஸீ நாடகம்