Advice to super fund members on long-term performance
Posted
by DPS
Senator the Hon Nick Sherry, Minister for Superannuation and Corporate Law, has welcomed the release of two Australian Securities and Investments Commission (ASIC) initiatives to help superannuation funds provide better information to their members.
ASIC has issued a best practice guide, Superannuation: helping investors look at longer-term returns – ASIC’s best practice guide, on how super funds can provide their members with a long-term picture of investment returns.
In it, super funds are encouraged to work towards providing personalised historical fund returns over five and 10-year periods with annual statements.
See:
www.asic.gov.au
