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ASIC acts on 'best interest' breach following super issues

ASIC has taken its first action against a licensee for alleged breaches of the best interests duty, following concerns related to superannuation advice.

ASIC acts on 'best interest' breach following super issues
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  • Shared by SMSF Adviser
  • June 09, 2016
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ASIC announced yesterday that it has commenced proceedings against Melbourne-based NSG Services Pty Ltd for breaches of the best interests duty introduced under the Future of Financial Advice (FOFA) reforms.

Read the full story at SMSF Adviser.

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