On 5 February 2008 the federal government announced the formation of the Financial Services Working Group dedicated to looking at the key issues associated with financial services advice and disclosure. The Working Group comprises senior officials from the Department of Treasury, the Australian Securities and Investments Commission (ASIC) and the Department of Finance and Deregulation.

One issue the Working Group is examining is access to simple advice on choices within an existing superannuation account (intra-fund advice). We are seeking comments from industry and consumers about what regulatory and other steps Government could take to help more consumers get this advice.