Published: 29 Nov 2019
The latest attempt by ASIC to improve disclosure of superannuation investment fees and costs is a welcome step forward but doesn’t go far enough to fix many of the long-running issues with RG 97, Industry Super Australia says.
The effect is that new guidelines for the disclosure of superannuation and managed investment fees will leave consumers more confused when it comes to choosing a fund or product – not less.
*The above material, whilst correct at the time of publication may include references or statements which are no longer current.