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AustralianSuper welcomes Portfolio Holdings Disclosure regulations
AustralianSuper has welcomed the Government’s new Portfolio Holdings Disclosure (PHD) regulations as a sensible and workable way for superannuation funds to meet member expectations around transparency while delivering strong returns.
Under the regulations, super funds would be required to first report their holdings by 31 March, 2022, with portfolio holdings disclosure to occur every six months thereafter.
Australia’s largest super fund said the Government’s removal of the requirement for super funds to disclose commercially-sensitive valuations for each unlisted asset and instead provide aggregate valuations based on asset type, would ensure transparency without harming members financial interests.
The fund said the regulations also removed the requirements in the draft regulations for tens of thousands of lines of incomplete transaction data to be disclosed to members.
“AustralianSuper has led the industry in voluntary portfolio holdings disclosure since 2016,” it said in a statement.
“Our feedback from members who have accessed the Fund’s PHD reporting is almost 90 per cent felt the level of information was about right.
“This decision will ensure members will be able to continue to invest in high quality assets both domestically and globally with certainty and confidence.”
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AustralianSuper has reported a 9.52 per cent return for its Balanced super option for the 2024–25 financial year, as markets delivered another year of strong performance despite the complex investing environment.
The profit-to-member super fund’s MySuper default option has returned 9.85 per cent for the financial year 2024–25.
Colonial First State (CFS) has announced solid double-digit returns for its MySuper balanced and growth equivalent funds during the financial year.
The super fund’s Future Saver High Growth option delivered an 11.9 per cent return for the financial year 2024–25, on the back of a diversified portfolio and actively managed investment strategy.
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