Super Fund Pays Large Penalty for False Claim

ASIC has handed down a $12,600 fine to a leading Australian Superannuation fund for claims that it was offering independent financial advice to its members. This incident indicates the increasing focus ASIC is placing on enforcing regulations. With RegTech solutions primed to improve the scope and accuracy of regulation, it is likely that incidents such as these will begin to increase. Red Marker’s solutions can help organisations identify and address risks such as these to meet regulatory standards and produce more accurate, compliant, and effective content.  To learn more about what Red Marker can do for your company or to book a demo, get in touch with us today!

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