Business
Australian super funds rank bottom of global rankings on transparency – Sydney Morning Herald
Australia is the only market of 26 that do not require super funds and managed funds to disclose their portfolio holdings, a new study reveals.
He says for a country that aspires to be a global financial centre, having sub-standard portfolio disclosures should not only be of concern to small investors, but to all industry participants.
Compulsory disclosure of fund portfolio holdings is in the works but the regulation that is needed to spell out how the disclosure would work has yet to be drawn up by the federal government.
Disclosure is part of “Stronger Super” laws and was supposed to begin in 2016. It mandates that super funds list their…
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