AIST welcomed the recommendations of the Royal Commission as a historic opportunity to restore community trust in financial services and prioritise member best interests ahead of banking profits and executive bonuses. Whilst our submission addresses a number of recommendations, the key focus of our submission is the following recommendations:

• Recommendation 1.15 - Enforceable code provisions
• Recommendations 3.2 and 3.3 - Advice fees in superannuation
• Recommendation 3.4 and 4.1 - No hawking of superannuation and insurance products