Australian super funds given risk disclosure guidelines
New guidelines to aid compliance with APRA requirement to disclosure the risk of negative returns on a standardised basis in superannuation funds
The Australian superannuation industry is set to standardise the way it discloses investment risk under new guidelines announced on August 1.
Under the guidelines, set out by the Association of Superannuation Funds of Australia (ASFA) and the Financial Services Council, superannuation funds will provide a ‘standard risk measure' ranging across seven risk bands, from ‘very low' to ‘very high', for each of the investment options they offer.
Superannuation is an Australian pension system, in which
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