The Labor MP expressed support for some kind of a performance benchmark to hold underperforming funds to account, but he said the government’s current proposal falls short during an interview on Monday.
The key to addressing complexity and subjectivity in my experience is through good engagement. For engagement to work there needs to be a level of trust. Trusting can be difficult when significant agency issues exist.
Industry is consulting with APRA to address the cost of merging, particularly among smaller funds where the cost to merge is preclusive to tie-ups progressing, experts have raised during an ASI digital conference panel discussion.
While the chair of the decade old Super System Review couldn't shed light on the current Retirement Income Review, he said If the superannuation system is being used for tax-advantaged inter-generational wealth transfers then those tax subsidies should be reviewed.
A proposal, released on Thursday for industry consultation, suggests a scoring system to help map unlisted assets to appropriate growth/defensive scores as part of its plan to create asset category standardisation.