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 calls on industry to improve oversight of Choice super performance and address issues

21 February 2024

ASIC has called out the risk to retirement outcomes for Australians holding their super in persistently underperforming options, and calls on trustees, financial advisers and advice licensees to focus on the performance of Choice investment options.

Read the release

Read the report

ASIC temporarily extends relief from disclosure and reporting consistency obligations for super trustees

21 December 2023

A new instrument ASIC Superannuation (Disclosure and Reporting Consistency Obligations) Instrument 2023/941 continues the relief previously provided under ASIC Class Order [CO 14/541] which is due to expire on 1 January 2024.

Read more about the deferral

OnePath Custodians penalised $5 million for fees for no service misconduct

29 November 2023

The Federal Court has ordered OnePath Custodians Pty Ltd to pay a penalty for making false or misleading representations about its right to continue charging fees, and for failing to provide services to members efficiently, honestly and fairly due to its misleading conduct and by deducting fees when not entitled to do so.

Read the media release

HESTA trustee pays infringement notices for misleading marketing

10 November 2023

ASIC has taken action against H.E.S.T. Australia Limited (HESTA), the trustee of HESTA superannuation fund, for alleged false or misleading statements made in their marketing material.

Read the media release

ASIC takes civil penalty action against Telstra Super

6 November 2023

ASIC has commenced civil penalty proceedings in the Federal Court alleging Telstra Super failed to comply with internal dispute resolution requirements.

Read the media release

ASIC proposes to temporarily extend relief from disclosure and reporting consistency obligations for super trustee

6 November 2023

ASIC proposes to extend the exemption from the consistency obligations in ASIC Class Order [CO 14/541]  for two years.

Read more

Last updated: 30/09/2022 10:01