March 2021 has seen the release of legislative reforms to advice fee consent and lack of independence disclosure by financial advisers. ASIC has clarified its position on virtual AGMs and released an interim report on competition in the managed funds industry. APRA has urged life insurers and superannuation funds to ensure their insurance offerings and benefits are sustainably designed and priced to avoid volatility in insurance premiums.

More information on these developments, as well as other industry news can be found here.