Australia

Details

  • Service: Tax, Superannuation & Pension Funds, Advisory, Risk Consulting, Private Enterprise, Individuals, Self Managed Superannuation Funds
  • Industry: Financial Services, Superannuation
  • Type: Regulatory update
  • Date: 7/07/2010

Reform in Focus: The Super System Review Final Report implications 

On 5 July 2010, the Australian Government released the final review into the Governance, Efficiency, Structure and Operations of Australia's Superannuation System (Cooper Review). This report is the culmination of an extensive examination of Australia’s superannuation system conducted by a review panel chaired by Jeremy Cooper, the former deputy chairman of the Australian Securities and Investments Commission.

This brief summarises the recommendations of the Cooper Review together with KPMG’s observations on these proposals. Cooper's recommendations fall into 10 broad categories:

  • MySuper and Choice Architecture
  • Trustee Governance
  • Investment Governance
  • Outcomes Transparency
  • Insurance in Superannuation
  • Integrity of the System
  • Retirement
  • Self-Managed Super Solutions
  • SuperStream
  • Regulatory Settings.
 

Superannuation

KPMG's Superannuation practice offers a range of services to superannuation funds, life offices, employers and fund trustees.
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