ASIC's media release today (15-251) highlights concerns around marketing practices by Responsible Entities of Funds and Superannuation Fund Trustees.

A timely reminder to trustees that their responsibilities extend to ensuring the data provided in promotional material is accurate, and not misleading in any respect.

Consumer protection is supported by a regime structured around disclosure - and industry participants have the ultimate responsibility for ensuring disclosure is accurate, complete and subject to rigorous review.

In the case of superannuation funds, members and prospective members typically place a high degree of trust in the Trustee of the fund and may be more susceptible to being misled than consumers of other financial products.