In a media release issued on 30 May 2008, the Minister for Superannuation and Corporate Law, Senator Nick Sherry and Lindsay Tanner MP, Minister for Finance and Deregulation, announced the release of a Financial Services Working Group consultation paper on increasing access to simple superannuation advice. The paper seeks comment on regulatory and other steps that could be taken to improve Australians' access to low-cost financial advice within their superannuation fund. The advice would seek to answer member queries on issues including investment choice, insurance, contribution types, nominating beneficiaries and retirement income projections.
For a copy of the media release, No 2008/27, 30 May 2008, go here
For a copy of the consultation paper, go here