SMSF advice complaints trending upwards: Report
SMSF-related advice now makes up one of the largest and riskiest categories in complaints to the AFCA, with advisers having minimal rates of success in successfully defending an SMSF-related claim, according to a research firm.
Risk management and compliance firm Fourth Line recently conducted a survey of 1,100 complaints to the Australian Financial Complaints Authority (AFCA) between 2012 and 2020, around 12 per cent of total complaints.
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