COVID-19 challenges for super funds
COVID-19 pandemic and associated government policy has provided challenges for the superannuation industry, particularly for trustees to provide appropriate information. ASIC has recently outlined its interim corporate plan, which includes protecting consumers from harm at a time of heightened vulnerability. This includes ensuring that trustees are communicating effectively with members on issues. While ASIC notes that a range of regulatory activities has been postponed, trustees’ compliance and legal obligations remain unchanged.