Welcome to Issue 56 of the FSC Policy Update. The implications of the first ‘Your Super’ performance assessments continue to reverberate through the superannuation industry after thirteen MySuper products, holding $56.2 billion, were shown to have ‘underperformed’ across all sectors of the superannuation industry.
Welcome to Issue 53 of the FSC Policy Update. Parliament sat for two weeks in June and passed three separate pieces of superannuation legislation, including the ‘Your Future, Your Super’, ‘More Flexible Super’ and ‘SMSF’ Bills. Their passage represents a win for the Government, given the hard-fought nature of the reforms, and will result in significant reform to the superannuation, funds management and life insurance sectors.