Reforms to improve governance standards in the industry will also have benefits. The development of a new voluntary industry code of governance, which AIST has already been heavily involved in framing, will ensure trustee directors strive for best practice. There are, of course, still some questions as to how the reforms will play out in practice. We need to ensure that if and when people leave a MySuper product, they’re not “flipped” into expensive options resulting in them being relatively disadvantaged. There is also still some confusion as to how and when discounts can be offered in MySuper for employers with more than 500 employees. Implementation costs are always an issue and we need to ensure that the regulator, APRA, and the ATO have adequate resources to play their part in all the changes. The journey is not over yet – we’ve just submitted our response to the draft MySuper legislation – and there will be plenty more tranches of Stronger Super legislation to follow.