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Thursday 13 November 2014

14-295MR ASIC issues further guidance on superannuation forecasts

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.


Regulatory Guide 229 Superannuation forecasts (RG 229)

Class Order [CO 14/870] Amendment of Class Order [CO 11/1227] 

Explanatory Statement for Class Order [CO 14/870]

Report 418 Response to submissions on CP 203 Age pension estimates in superannuation forecasts: Update to RG 229 (REP 418)