ASIC has issued further guidance to assist superannuation fund trustees to provide their members with retirement estimates.
The changes will allow a superannuation fund to include an estimate of the age pension which might be available to the member along with the member’s superannuation benefit at retirement.
The changes are to ASIC’s existing relief for retirement estimates. These estimates help members to engage with their superannuation.
The revised guidance and relief also make a number of minor technical changes.
Download:
Regulatory Guide 229 Superannuation forecasts (RG 229)
Class Order [CO 14/870] Amendment of Class Order [CO 11/1227]