Super Insights 2017 - KPMG Australia
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Super Insights 2017

Super Insights 2017

A look at how far the superannuation industry has come, the challenges, and potential for the future.

A look at how far the super industry has come, the challenges, and future potential.

Much like our own lives, 25 is often a key inflection point, and in the case of the superannuation system, we are seeing significant change – some of this change is being debated in the public arena such as the purpose of superannuation, while other changes like advancement of core technology platforms and improvements to governance arrangements are happening quietly but with care and diligence.

Our analysis, as presented in the 2017 Super Insights Report and Dashboard is a combination of leading analytics applied to a proprietary dataset including 10 years of APRA and ATO-published-statistics, supported by insights gained from our team of Wealth Management specialists working directly with our clients and peak representative bodies.

The Super Insights Dashboard contains interactive charts and graphs which can be filtered to view industry and fund metrics for a particular year or segment of the market and to view metrics for an individual fund in comparison to a peer group.

Core challenges and opportunities

In the report we discuss a number of challenges that the superannuation industry must find the right answers to, while seizing potential, over the coming years:

  • Retirement income: Members who are being paid a retirement income have more complex and diverse needs.
  • Women and super: The lifetime income penalty paid for a broken employment history ends up reflected in many women’s super balances.
  • Regulation: Changes to the system’s tax and regulatory settings risk eroding member confidence.
  • Purpose: Formally defining superannuation’s purpose may focus current and future policy discussions.
  • Operating models: Delivering increased productivity requirements and meeting responsibility expectations of trustee offices.
  • Member engagement: Funds are embracing technology to improve their services to members.
  • Technology and data: Digital technologies are focusing funds on the “member journey” – but they need returns on their investments.
  • Privacy and security: In a technological age, funds must look to cyber security measures to prevent breaches.

Download the full report (PDF 706.2KB)
Explore the interactive dashboard
Read the media release

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