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.
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.