Released 6 November 2025.
This report provides insights from ASIC’s review of the quality of personal advice provided by financial advisers to retail clients about establishing a self-managed superannuation fund (SMSF).
Financial advisers and advice licensees should use the findings, examples, action points and risk indicators in this report to improve the quality of their SMSF establishment advice, identify circumstances where an SMSF should not be recommended and detect misconduct.