Fri, 7th Jun 2024 - Superannuation News Wrap

What this episode covers

In this week's Superannuation News Wrap, Paige Estritori discussed recent developments in the financial advice sector. The Australian Financial Complaints Authority plans to conclude Dixon Advisory's membership by June next year, causing concern within the industry. Substantial unpaid Dixon claims led the CEO of the SMSF Association, Peter Burgess, to call for government intervention, arguing that the cost of compensation should not only be borne by financial advisors. The Compensation Scheme of Last Resort was criticised for its short funding period and exclusion of managed investment schemes. Financial Advice Association CEO Sarah Abood reiterated the need for reevaluation and warned of higher consumer costs due to potential industry exits. This podcast encourages listeners to stay informed about superannuation and financial services via financialservicesonline.com.au.n

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Frequently Asked Questions

How long is this episode of Superannuation News Wrap?

This episode is 2 minutes long.

When was this Superannuation News Wrap episode published?

This episode was published on June 6, 2024.

What is this episode about?

In this week's Superannuation News Wrap, Paige Estritori discussed recent developments in the financial advice sector. The Australian Financial Complaints Authority plans to conclude Dixon Advisory's membership by June next year, causing concern...

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