Financial Standard Comments - ASIC calls out trustees 'passing the buck' on super switching ASIC fired a stern warning to superannuation funds about "passing the buck" to financial advisers and shedding responsibility for overlooking dodgy investment options as the fallout from the Shield Master Fund and First Guardian Master Fund mounts to $1 billion in losses. https://www.financialstandard.com.au/feed/latest?story=179809401 Fri, 01 Aug 2025 11:34:18 +1000 Fri, 01 Aug 2025 11:34:18 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by Angelique McInnes (Central Queensland University)

Please to see regulators finally recognise that l blaming Financial Advisers for product failures when advisers rely on the due diligence of their AFSL investment teams to include products on their APLs that have a low risk of failure has been unfair. AFSLs and Super fund trustees must be held accountable for product failures!

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]]> Angelique McInnes (Central Queensland University) Fri, 01 Aug 2025 11:34:18 +1000