SMSF Disputes: Lessons From AFCA Complaints

The Australian Financial Complaints Authority (AFCA) sees proportionally more complaints involving SMSFs than APRA-regulated super funds, and many involve the same recurring mistakes.

In this interview, Alexandra Sidoti from AFCA discusses the most common SMSF disputes, including unsuitable SMSF recommendations, conflicted advice, poor diversification, trustee responsibilities and wholesale investor classifications.

The information contained in this guide is general in nature.

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IMPORTANT: All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. You should consider whether any information on SuperGuide is appropriate to you before acting on it. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions. Comments provided by readers that may include information relating to tax, superannuation or other rules cannot be relied upon as advice. SuperGuide does not verify the information provided within comments from readers. Learn more

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