The initiative will mean the super industry is assessed in a more robust way with funds accountable for performance, according to the Conexus Institute think tank.
Executive director David Bell, who took part in FINSIA’s first Future of Super webinar series and is leading a working group on the project, said a lack of standards for growth and
defensive asset categorisations was widely known to result in poor performance measurement and risk comparisons.
Levelling the playing field will also make the funds more transparent for consumers, according to Mr Bell.
Details of the proposals are now open for industry consultation until September can be accessed here
“The growth/defensive exposure of a portfolio is an entrenched part of the financial services industry,” a…