Reforms for the 20 year Super Guarantee anniversary

This year marks 20 years since the Superannuation Guarantee was introduced, so it is entirely fitting that superannuation undergoes a major reformation on reaching this significant milestone. Australia’s $1.3 trillion superannuation industry will experience significant change this year with the government’s “stronger super” reforms expected to pass through parliament and the Australian Prudential Regulation Authority finalising a prudential framework. These changes will strengthen an already robust and world-leading system. The reforms were not intended to remake the super industry, but they will, nevertheless, have a profound impact on the competitive landscape. The changes will further intensify competitive pressure in superannuation, with an even greater focus on fees, returns and overall service levels. But the benefits will not be felt immediately: it will take time for the changes to be implemented and for their effects to be noticed by super fund members.

As reported 7 January 2012 | John Brogden, The Australian, page 24


About SuperBenefitnews

Self-Managed Superannuation Service Providers in Australia. SuperBenefit will SET UP your SMSF and provide investment education for a better result. We take care of all your administration, accounting, ATO lodgement and audit of SMSFs, working with you and your advisors. If you want advice we can arrange one of our recommended advisors and accountants to meet with you, as we do not give advice, but take instruction only. Take control of your super, including property shares and other assets. Learn how to be your own advisor - make better decisions - by being mentored and coached to invest your own super wisely and strategically by qualified partners. Book to come to an event to find out more, or - Call us 0407 361 596, no obligation FREE strategy call.
This entry was posted in Super Law & Compliance. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s