From www.smsfadviser.com: ASIC will prioritise the assessment of financial advice quality for establishing SMSFs in 2025, as it aims to address concerns over unsuitable superannuation advice leading to negative consumer outcomes.

The regulator plans to monitor high-risk investments and enforcement actions against misconduct exploiting superannuation savings amidst increasing demand for quality retirement-related financial advice.

Additionally, ASIC will focus on superannuation trustees to ensure they meet the evolving needs of members entering the retirement phase.