Federal Court penalises MobiSuper and ZIB Financial for superannuation advice breaches
The Federal Court has ordered MobiSuper Pty Limited (MobiSuper) and MobiSuper’s financial services licensee, ZIB Financial Pty Limited (ZIB), to pay combined penalties of $250,000 for failures surrounding promotion of the MobiSuper Fund. ASIC Deputy Chair Sarah Court said, ‘Superannuation is important for the future financial security of Australians. It is essential that consumers, when …
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