ASIC signals closer scrutiny of retirement income advice
The regulator says decumulation strategies will be a 2026 surveillance priority, with a focus on how firms evidence the suitability of drawdown advice.
ASIC has told advice licensees that retirement income advice will move to the front of its surveillance program in 2026.
What's actually changing
Little of the underlying law is new — what is changing is where ASIC will be looking, and how much it expects to see on the file.