Speaking at the ASIC Annual Forum, commissioner Simone Constant reinforced that while historically super has posed little risk to financial stability, as the sector grows so too do the risks.

While demand for financial advice is apparently the highest it's ever been, the number of people actually seeking it has dropped.

The ASX has filed its defence against proceedings lodged by ASIC in the Federal Court over updates it made about the progress of the CHESS replacement project.

The proposed takeover of SelfWealth heats up as AxiCorp Financial Services attempts to ensnare the trading platform from Bell Financial Group (BFG).