ASIC set to eye pension wind-ups for illegal advice
Accountants operating in the SMSF space have been warned that ASIC will closely scrutinise pension wind-ups over the remainder of the financial year in order to identify situations where illegal advice has been given. Merit Wealth accountants services director David Moss told SMSF Adviser ASIC will analyse the tax returns of the funds in order to establish who is providing advice on pensions and whether they are authorised to provide that advice