ASIC probes SMSF push: report

The corporate regulator is investigating cases where real estate agents may be pushing investors into self managed superannuation funds to buy real estate, The Australian Financial Review reports.

According to the newspaper, the Australian Securities and Investments Commission is looking at cases involving estate agent advertising campaigns.

But ASIC is almost powerless to regulate savers who established SMSF schemes online with no advice, other than through education, ASIC Commissioner Greg Tanzer told the AFR.

ASIC this week released guidance to improve advice given to SMSF investors.