Super Consumers Australia welcomes portfolio holdings disclosure  

The long-awaited change will mean Australians can finally see how their fund is investing their super. 

“With the regulations finalised, super funds will no longer be able to hide where they’re investing your money,” says Director at Super Consumers Australia, Xavier O’Halloran.

“The disclosure will help Australians see if their fund is investing in line with their values while delivering on their best financial interests. Increasingly we’re seeing funds badge their products as ethical and sustainable, but in some cases, fund members have no way of ‘looking under the hood’ to see if these claims match reality.” 

“It will also greatly improve systemic transparency and help academics, analysts and researchers get a better understanding of how each fund is investing. In the long-term this will help grow the understanding of best practice and ultimately benefit people’s retirement incomes.”

“The regulations are a significant improvement on the status quo. However, we see value in monitoring whether greater transparency in future could deliver further benefits to fund members,” says O’Halloran.

“The disclosure reform complements recent measures that require funds to notify members about marketing expenses, political donations and payments to industry bodies. People now have access to more information than ever about where their money goes.”