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'Just do what you say you'll do': ASIC's message to trustees

ASIC commissioner Simone Constant says the regulator's new report on exorbitant advice fee deductions is not a criticism of advisers, rather of trustees failing basic obligations, with more still needing to be done by the reviewed funds some 12 months on.

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Read more: ASICSuper Consumers AustraliaAMG SuperAustralian Retirement TrustAustralianSuperFinancial Services Royal CommissionFinancial StandardNetwealthPraemiumStephen JonesXavier O'Halloran