Industry players have started to implement the Federal Government's new transparency and disclosure requirements, with Cbus and Vanguard both signaling a change of approach in their reporting.
Vanguard announced it would publish quarterly portfolio holdings for all of its funds in October.
Vanguard chief investment officer Joseph Brennan said the new transparency measures were aligned with the company's investment philosophy and could deepen investors understanding of Vanguard's diversification.
Vanguard's head of market strategy and communications Robin Bowerman noted that the issue was high on the agenda of Future of Financial Advice (FOFA) and Stronger Super legislation.
"We believe disclosure of both fees and fund holdings can play a large part in restoring investors' faith, post the Global Financial Crisis, in the investment industry as a whole," he said.
Cbus' annual report was expanded by 20 pages this year and included additional information about the fund's operations and activities.
"Releasing the Cbus 2011/12 Annual Report gives the community a chance to examine our applied governance and measure our performance against the (stated) values of the fund," said Cbus chief executive David Atkin.
In 2011, a Morningstar Global Investors report showed Australia and New Zealand as the only two countries of 22 MCSI constituents that did not disclose fund holdings.
In a Senate submission, the Financial Services Council said super funds should be able to nudge members on engaging with their super and has cautioned against default placements.
The Joint Associations Working Group, which counts FSC in its ranks, has issued an urgent warning to the government.
Senator Jane Hume will join the speaker lineup at the inaugural Australian Wealth Management Summit.
New research from ART has found less than a third of women feel their superannuation is in a good position, reiterating the importance of opening up the advice arena to super funds.
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