Recent regulatory proposals expand the existing scale test to an outcomes test by determining annually whether the fund’s MySuper products are meeting the clients’ best interests. Similar tests can apply to SMSFs.
Author Archive | Maree Pallisco
The top priority for all superannuation funds is improving member engagement, but most need to improve their techniques. It’s one way to reduce the leakage of members, especially to SMSFs.
The recent superannuation reforms were just tinkering around the edges of Australia’s retirement savings system challenges. We need far more radical policy changes if our nation is to survive its demographic time bomb.