POWERED BY MOMENTUM MEDIA
Super is a long-term game: ASIC
Trustees must do a better job of communicating the long-term nature of superannuation to their members, says Australian Securities and Investments Commission commissioner, Greg Tanzer.
Addressing the Conference of Major Superannuation Funds (CMSF) in Brisbane, Tanzer said superannuation was a long-term investment but much of the discussion in the industry was about the short term.
"We need to be discussing the long-term objectives," he said.
In doing so, Tanzer signaled ASIC might be prepared to provide further relief around retirement estimate calculators, saying it was something the regulator might be able to "tweak".
He said he believed trustees could do more to emphasis the long-term nature of superannuation.
This might include the provision of better tools and emphasising 10-year returns over one-year returns.
Recommended for you
Governor Michele Bullock took a more hawkish stance on Tuesday, raising concerns over Donald Trump’s escalating tariffs, which sent economists in different directions with their predictions.
Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one of the companies’ fastest growing trustee services.
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
