From www.ifa.com.au: Allens, the law firm associated with the Quality of Advice Review, expressed scepticism about the utility of the new “targeted superannuation prompts” set out in the recently announced DBFO exposure draft, arguing it may not provide meaningful relief for superannuation trustees.

The amendments classify these prompts as general advice rather than personal advice, which could complicate the advice landscape and limit trustees’ ability to refer members to specific products.

Significant challenges exist for trustees in effectively targeting member cohorts due to a lack of comprehensive member information.