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May 2, 2023

Future Super Investment Services fined By ASIC For Rule Violation

byBT Team
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ASIC

ASIC accuses Future Super Investment Services of misleading customers and issues fine.

ASIC

Future Super Investment Services Pty Ltd, the promoter of the Future Super Fund, got fined by ASIC for allegedly misleading customers.

ASIC was concerned about a Facebook post that overstated the environmental impact of the Fund. Future Super was accused of making statements without factual bases. ASIC has issued over $150,000 in fines for greenwashing since October 2022.

Mercer Super is now facing court proceedings initiated by ASIC for similar allegations.

Read more: CySEC Ends License of Trilt | Brokers Times

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