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.
Super funds had a “tremendous month” in November, according to new data.
Australia faces a decade of deficits, with the sum of deficits over the next four years expected to overshoot forecasts by $21.8 billion.
APRA has raised an alarm about gaps in how superannuation trustees are managing the risks associated with unlisted assets, after releasing the findings of its latest review.
Compared to how funds were allocated to March this year, industry super funds have slightly decreased their allocation to infrastructure in the six months to September – dropping from 11 per cent to 10.6 per cent, according to the latest APRA data.