Wed, 3rd Jul 2024

In this week's Australian superannuation round up, The Association of Superannization Funds of Australia (ASFA) calls for tax incentives to boost local Build-to-Rent investment and address affordable housing issues. ASFA believes current legislative changes favor foreign investors, compromising Australian funds. Concerning super funds' crisis readiness, APRA encourages diversification of recovery strategies beyond successor funds transfer, setting a January 2025 deadline. A shift towards indexed funds is suggested as reports show a widening performance gap, with indexed funds outperforming active ones despite their higher fees and risks. Lastly, Financial Institutions Supervisory Levies affect smaller superannuation funds disproportionately, leading critics to question their alignment with government initiatives on fund mergers and fee reduction.