Super fund product dashboards

Retail super fund members are misinformed, and they don’t know it

Many retail super fund members are misinformed about their super funds, and they don’t know it, research released by AIST has revealed. The research, commissioned by the Australian Institute of Superannuation Trustees, found a “high level of confusion” amongst retail super fund members. While many retail fund members were confident,… Read More »Retail super fund members are misinformed, and they don’t know it

Delay to super fund disclosure “disgraceful”, will hurt consumers: AIST

The Australian Institute of Superannuation Trustees (AIST) has criticised further delays to super fund disclosure requirements as “disgraceful”, warning that the delays will negatively impact retirement outcomes for members. Earlier this week ASIC announced that consumer disclosure requirements for Choice (non-default) super products were being further delayed by up to… Read More »Delay to super fund disclosure “disgraceful”, will hurt consumers: AIST

Actuaries Institute calls for super fund dashboards to be overhauled

The Actuaries Institute has called on policymakers to overhaul superannuation fund ‘dashboards’ to give consumers better information. Super fund dashboards were originally mandated to help consumers compare superannuation funds, including based on risk, return, fees and costs. But the Institute says the current dashboards are “technically unsound and need to… Read More »Actuaries Institute calls for super fund dashboards to be overhauled

Carve-outs make super fund disclosure “useless”, says ISA

Industry Super Australia has criticised changes to the disclosure rules for large superannuation funds, saying there “will be next to no benefit for consumers in weak ‘transparency’ measures introduced into federal Parliament”. “Instead, banks and their ‘for-profit’ super funds will continue to bury facts about fees and investment returns for… Read More »Carve-outs make super fund disclosure “useless”, says ISA

“Nearly impossible” to compare super funds under changes

Proposed changes to the disclosure of super funds fees, costs and investment return could make it “nearly impossible” for Australian to make informed decisions about their superannuation, Industry Super Australia has claimed. “The new federal Government proposals carve out bank-owned super funds held through platforms and some legacy products from… Read More »“Nearly impossible” to compare super funds under changes