POWERED BY MOMENTUM MEDIA
ASIC amends relief conditions for superannuation and retirement calculators
The Australian Securities and Investments Commission (ASIC) has amended relief conditions for superannuation and retirement calculators.
The amendments, which would commence on 5 December, would require providers to adjust for inflation by using either:
- The default inflation rate set out in the instrument for superannuation and retirement calculators, or
- an alternative inflation rate, as long as certain disclosure requirements are met
The default inflation rate would reflect changes in the cost of meeting increases in community living standards to help users to better decide if future retirement assets or income would be adequate compared to their standard of living.
At the same time, the option of using an alternative inflation rate would recognise that there may be instances where it was appropriate for a superannuation and retirement calculator to use a different inflation assumption and would take into account:
- The wage profile of the likely users of the calculator
- the provider’s wage growth outlook
In cases where the alternative inflation rate would exclude a component reflecting the cost of meeting increases in community living standards, the calculator would need provide the explanation of the implications of not taking into account of those costs.
The regulator said that the amendments to the instruments would promote the comparability of superannuation and retirement estimates whilst providing flexibility for providers to use a different inflation rate assumption where it was reasonable to do so.
Recommended for you
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
With private asset valuations emerging as a key concern for both regulators and the broader market, Apollo Global Management has called on the corporate regulator to issue clear principles on valuation practices, including guidance on the disclosures it expects from market participants.
Institutional asset owners are largely rethinking their exposure to the US, with private markets increasingly being viewed as a strategic investment allocation, new research has shown.
Australia’s corporate regulator has been told it must quickly modernise its oversight of private markets, after being caught off guard by the complexity, size, and opacity of the asset class now dominating institutional portfolios.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
