We welcome the increased transparency around Superannuation Fund data. Superannuation savings represent almost $2trillion and will continue to grow. While collecting and reporting data comes at a cost to the industry, we believe greater transparency and member engagement which this may produce is a desirable outcome for members and the superannuation industry.
APRA today released a discussion paper on proposed changes to its annual superannuation statistical publications and data confidentiality APRA now publishes aggregate financial performance, financial position and asset allocation information in the Quarterly Superannuation Performance publication, as well as MySuper product-level data. APRA proposes to continue to publish industry-level and fund-level annual superannuation statistics, and to introduce an annual MySuper product-level report. These statistics will promote understanding and enhance transparency and accountability of the superannuation industry, and support well-informed decision-making by regulated institutions, policy-makers, market analysts and researchers. As outlined in this discussion paper, APRA is undertaking further consultation regarding a small number of data items, including the disclosure of certain data reported on Superannuation Reporting Form SRF 540.0 Fees, before making a decision about the data’s confidentiality. The discussion paper is available on the APRA website .