New rules to crimp super fund fees, boost passive strategies
Industry observers believe asset owners could increasingly turn to low fee passive funds and potentially back off from risky vehicles if new fund rules are introduced next year.
Australia’s superannuation fund industry, is undergoing its latest round of political pressure, with the government seeking to radically overhaul fund fees, performance and oversight.
If successful, the plans could help superannuation funds pressurise their third party fund managers to cut fees, but industry associations warn that it may also instil a more risk-averse mindset that makes super funds less willing to delve into risky or alternative assets.
Australia’s superannuatio…
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