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.
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
Vanguard has affirmed its support for the current super performance test, emphasising the importance of keeping the process straightforward.
While some superannuation funds have gone down the route of internalisation, others say they favour ‘smart partnering’ with external managers for diversification appeal.
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