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In this episode of SMSF Insider, Troy breaks down exactly what ASIC found, why this matters for your retirement, and how conflicted advice can quietly cost people hundreds of thousands of dollars over time. He explains why this was a targeted risk-based review, what “best interest duty” actually means in practice, and how to spot red flags before you act on SMSF advice.

This is not about fear. It is about understanding how to protect yourself, what questions to ask your advisor, and how to make sure the advice you receive is genuinely in your best interest.

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Please note: The information provided in this recording is for coaching and educational purposes only. It should not be considered personal financial advice. Everyone’s situation is different, so before acting on any of the content discussed, please seek independent financial advice tailored to your specific circumstances.

Timestamps:

00:00:00 - 00:00:00: Introduction

00:00:45 Why this report changes everything

00:01:08 Important context about ASIC’s targeted review

00:01:55 What ASIC actually found in the advice files

00:02:44 How conflicted advice really works

00:03:56 Questions to ask before following SMSF advice

00:04:48 Should your advisor use the same strategy themselves

00:06:07 Why fees do not equal better outcomes

00:07:29 How to check your advisor on the ASIC register