Product dashboard

MySuper product dashboard

Information Sheet 170 MySuper product dashboard requirements for superannuation trustees (INFO 170) contains detailed information about the MySuper product dashboard requirements for superannuation trustees.

In 2013, ASIC conducted consumer testing of the MySuper product dashboard. For more information see:

In September 2022, ASIC reissued INFO 170 with updated guidance on how to disclose historical returns where there has been a significant change to product design, strategy or governance in a MySuper product. The updated guidance also includes clarification on how to disclose the moving average return when comparing the return target and the returns for previous financial years, additional comments on APRA reporting standards, and minor technical updates.

Choice product dashboard

The start date for choice product dashboard requirements has been deferred until 1 October 2027 (see ASIC Corporations (In-use Notices for Employer-sponsored Superannuation and Superannuation Dashboards) Instrument 2022/496).

The deferral also extends previous relief that allows superannuation trustees to provide a product dashboard with a periodic statement by including a website address for the latest product dashboard, rather than requiring a hard copy of the dashboard to be included with the periodic statement.

Read more about the deferral.

In 2015, ASIC conducted consumer testing of the Choice product dashboard. For more information see:

  • Report 455 Consumer testing of the Choice product dashboard (REP 455) 
  • Media Release (15-378MR) ASIC releases results of consumer testing for the Choice product dashboard and further detail about super estimators (11 December 2015).

Including additional content on a website alongside product dashboards

The product dashboard provisions do not expressly prohibit superannuation trustees from including additional information on their website alongside the product dashboard. For example, a superannuation trustee may wish to include further information about risk or refer a member to the information about risk that is available in the PDS for the product. However, a superannuation trustee should observe good disclosure principles in giving additional content to ensure that the presentation of the product dashboard is still helpful for consumers and is not misleading or deceptive. For useful information see Regulatory Guide 234 Advertising financial products and advice services: Good practice guidance (RG 234).

What's new

ASIC sues AustralianSuper over multiple superannuation accounts

8 September 2023

ASIC has commenced civil penalty proceedings against the trustee of Australia’s largest superannuation fund, AustralianSuper, alleging failures to address multiple member accounts.

Read the media release

Summary of Indigenous Super Summit

ASIC facilitated the 2023 Indigenous Super Summit on 22 June 2023.

The Summit was an opportunity for the superannuation industry to contribute to addressing the unique and complex challenges First Nations peoples can experience.

Read the summary document

ASIC commences greenwashing case against Active Super

11 August 2023

ASIC has commenced civil penalty proceedings in the Federal Court against LGSS Pty Limited (Active Super).

Read the media release

Annual Performance Assessment 2023

8 August 2023

ASIC has written to trustees regarding the 2023 annual performance assessment. It is the first year the performance assessment applies to both trustee-directed products and MySuper products.

Read the letter

Conexus Retirement Conference

8 August 2023

Opening remarks by ASIC Senior Executive Leader, Superannuation and Life Insurance, Jane Eccleston and APRA Deputy Chair, Margaret Cole.

Read the speech

Review finds super trustees need to improve retirement outcomes planning

18 July 2023

A thematic review of how trustees are supporting their members under the Retirement Income Covenant found trustees need to make more progress to enhance retirement outcomes. The review was conducted jointly by ASIC and APRA.

Read the media release

Read the report

ASIC warns super trustees to boost efforts to consolidate duplicate member accounts

29 June 2023

ASIC is warning trustees to effectively consolidate duplicate member accounts after a recent review identified poor practices resulting in consumer harm.

Read the media release

ASIC calls on super trustees to appropriately deal with member money when it is first received

26 June 2023

ASIC is calling on trustees to ensure they are meeting their legal obligations when dealing with incoming money from consumers.

Read the media release

Last updated: 30/09/2022 10:01