POWERED BY MOMENTUM MEDIA
No APRA data on commissions in superannuation
The Australian Prudential Regulation Authority has conceded it has never collected specific data on the issue of how commissions impact superannuation fund balances.
Responding to a question on notice from Tasmanian Liberal Senator David Bushby, the regulator said it "does not collect data on commissions paid by superannuation funds as part of its current statistical collection".
Bushby had used a Senate Estimates Committee hearing to ask APRA officials whether they knew the degree to which commissions impacted superannuation fund balances.
"Do you have a feel for the percentage of funds that come in - particularly the retail funds - that attract commissions?" he asked.
The degree to which commissions affect superannuation fund balances represented a central element of the Industry Super Network's "compare the pair" advertising campaign, but was reliant on research from commercial ratings houses such as SuperRatings.
Recommended for you
Following the roundtable, the Treasurer said the government plans to review the superannuation performance test, stressing that the review does not signal its abolition.
The Australian Prudential Regulation Authority (APRA) has placed superannuation front and centre in its 2025-26 corporate plan, signalling a period of intensified scrutiny over fund expenditure, governance and member outcomes.
Australian Retirement Trust (ART) has become a substantial shareholder in Tabcorp, taking a stake of just over 5 per cent in the gaming and wagering company.
AustralianSuper CEO Paul Schroder has said the fund will stay globally diversified but could tip more money into Australia if governments speed up decisions and provide clearer, long-term settings – warning any mandated local investment quota would be “a disaster”.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
74.26 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
