JP Morgan has launched a portfolio analytics tool that it claims will help superannuation trustees comply with the new standard risk measure (SRM) classification system.
The SRM system is based on guidance by the Financial Services Council and the Association of Superannuation Funds of Australia regarding the disclosure of investment risk in the shorter product disclosure statement (SPDS) regime.
JP Morgan's Online Portfolio Analytics Lab (OPAL) is a web-based tool that allows superannuation trustees to quickly analyse their underlying data and assess their level of investment risk, according to David Braga, JP Morgan's Investor Services Product head for Australia and New Zealand,.
"The Standard Risk Measure can be simply derived from the Portfolio Construction Tool (PCT) module within OPAL," Braga said.
"Beyond its application to the Standard Risk Measure, OPAL has been designed to support institutional investors with their decision-making around investment manager selection and asset allocation," he added.
The SRM was introduced on 22 June 2012, and required superannuation trustees to classify each investment option on a 'one to seven' scale (where 'one' is very low risk and 'seven' is very high risk).
The research house has offered a silver lining after super fund returns saw the end of a five-month streak last month.
A survey of almost 6,000 fund members has identified weakening retirement confidence, particularly among those under 55 years of age, signalling an opportunity for super funds to better engage with members on their retirement journey.
The funds have confirmed the signing of a successor fund transfer deed, moving closer to creating a new $29 billion entity.
A number of measures, including super on Paid Parental Leave, funding to recover unpaid super, and frameworks to encourage investment in the energy transition, have been welcomed by the superannuation industry.
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