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.
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.
