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:
- Report 378 Consumer testing of the MySuper product dashboard (REP 378)
- MySuper product dashboard example
- Media Release (14-110MR) ASIC reviews MySuper product dashboards (22 May 2014).
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.
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).