The Super Brief | September 2025
In Brief.
ASIC, APRA, and the ATO have released their annual corporate plans. Member service standards, planning for Payday Super, and retirement outcomes remain top of the priority list.
To progress the latter, Treasury is undertaking consultations on a Retirement Outcomes Reporting Framework and best practice principles for developing retirement income solutions.
The results of this year’s performance test are out, and just seven products failed. Relatedly, ASIC is consulting on whether fees and costs disclosed pursuant to the performance test are deterring investment in property.
In public remarks, APRA and ASIC have publicly emphasised the importance of trustees’ actively scrutinising platform products after the Shield Master Fund collapse.
Jack Allen
Lawyer