Abstract
This paper summarizes views on the superannuation system and its regulation collected through interviews of fund executives. While the majority of interviewees saw the superannuation system as working relatively well, some areas of concern were detected. Issues raised relate to: certain aspects of the system that hinder alignment with member needs; calls for increased attention on the retirement phase by both the industry and within the regulations; the burden of regulatory change; shortcomings in the reporting and disclosure regime; and the dangers of primarily focusing on fees and costs rather than on net returns. Mixed feedback was received on the new prudential standards, and the question of fund scale. The regulator was perceived favorably by the majority of those who commented.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
