Are the PC and RC’s pushes for transparency warranted?
In the wake of both the Productivity and Banking Royal Commissions, just how much consumers know about their superannuation funds has been in the spotlight and Super Review is researching the super industry’s perspective on this.
From the Productivity Commission’s recommendation of determining default funds by the top ten performers to the Royal Commission’s finding that the extent to which funds considering mergers factored in members’ best interests was murky at best, there has been a push for greater transparency around funds’ performance and governance practices.
Super Review is going straight to the horse’s mouth and seeking industry feedback on whether this push for greater transparency is real and if so, if it is warranted.
Please complete our survey here to help us answer these questions.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
The regulator has fined two super funds for misleading sustainability and investment claims, citing ongoing efforts to curb greenwashing across the sector.
Super funds have extended their winning streak, with balanced options rising 1.3 per cent in October amid broad market optimism.
Introducing a cooling off period in the process of switching super funds or moving money out of the sector could mitigate the potential loss to fraudulent behaviour, the outgoing ASIC Chair said.
Widespread member disengagement is having a detrimental impact on retirement confidence, AMP research has found.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
225.31 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
121.06 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
72.47 3 y p.a(%)
4
Paradice Australian Mid Cap A
69.09 3 y p.a(%)
5
Smarter Money Long-Short Credit Investor USD
68.96 3 y p.a(%)
