SUPERANNUATION Alert: Murray Inquiry: paving the way for “Older Super” and providing potential opportunities for public offer superannuation funds

21 July 2014

Publications

The Financial System Inquiry (Murray Inquiry) Committee handed down its Interim Report on 15 July (Report). The Inquiry is the first financial system inquiry since the 1997 Wallis Report, and clearly much has changed in the financial services landscape over that time.

What is abundantly clear is that much of the Report’s 460 pages are directly relevant to APRA-regulated superannuation funds (Funds). Added to this, we take the view that the Murray Inquiry  actually provides the opportunity for Funds to take charge of their destiny, especially in respect of retirement product development and the growth of self-managed superannuation funds (SMSF), both of which the Inquiry had a focus on.

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