ASIC Chairman's speech to ACTU Superannuation Trustees Forum 2012
A speech by Greg Medcraft, Chairman, Australian Securities and Investments Commission to the ACTU Superannuation Trustees Forum 2012, 10 October 2012
Good morning everyone.
It is great to be here speaking to this audience and engaging with the labour movement and its members.
As a group that represents 35% of Australia's $1.4 trillion superannuation assets with around $488 billion under management across 95 different entities, the industry and public sector superannuation community is truly substantial and plays, arguably, the most important role in the long-term well-being of the men and women who are its members.
Ladies and gentlemen, today I will focus on disclosure in relation to superannuation. There are three key issues I want to touch on.
- portfolio holdings disclosure;
- asset allocation; and
- executive remuneration.