ASIC finds 35% of new clients linked to controversial lead generation tactics
A recent ASIC investigation revealed that 35 percent of new clients for 15 financial advice licensees came via controversial lead generation practices from January 2025 to June 2026. These arrangements led to $678 million switched or invested, primarily from superannuation savings. The findings underscore the risks associated with misleading retirement service advertisements targeting everyday Australians.
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Published 13 Nov 2026, 18:05 UTC · Updated 13 Nov 2026, 18:10 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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