The Association of Superannuation Funds of Australia (ASFA) has joined with a private training company, Catalyst Communications and Training to provide what they represents an inexpensive and independent source of information on choice of fund.
ASFA’s Education and Training Manager, Paul O’Brien said that employees were being given the right to chose a fund from 1 July, yet some had little understanding of the options available to them while employers were not permitted to give advice on superannuation without a Financial Services License.
He said that was why ASFA and Catalyst had produced the Skilpak Super Choice program - an on-line resource designed to help employers know their responsibilities while assisting employees to make an informed choice.
A director of Catalyst, Gidley McCullagh said the key to the Skilpak Super Choice program is that it is independent, and not aligned to any super fund or financial planning group.
CPA Australia is pressing the federal government to impose stricter rules on the naming and marketing of managed investment and superannuation products that claim to be “sustainable”, “ethical”, or “responsible”, warning that vague or untested claims are leaving investors exposed.
The shadow financial services minister has confirmed Labor’s retreat from the proposed $3 million super tax, describing the legislation as flawed.
Australia’s superannuation industry has reported over $2.6 trillion in total assets as at June 2025, with MySuper and Choice products showing market dominance.
Australian super funds have delivered mixed results in the latest global rankings, with industry funds climbing, while government schemes fell sharply.