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Superannuation: Assessing Efficiency and Competitiveness – KPMG's submission

Super: Assessing Efficiency and Competitiveness

On 20 July 2018, KPMG lodged a submission in response to the Stage 3 Productivity Commission's Draft Report in relation to Assessing Efficiency and Competitiveness in the Superannuation System.

Linda Elkins

National Sector Leader – Asset & Wealth Management

KPMG Australia


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KPMG's submission commended the Productivity Commission for the depth of analysis undertaken and supported a number of the recommendations contained within the Stage 3 Draft Report.

KPMG is supportive of measures that assist in:

  • the removal of underperforming funds from the superannuation system
  • the use of a broad range of measures to assess the performance of superannuation funds
  • better disclosure of superannuation fund data to assist members with fund comparisons and
  • the targeting of insurance products aligned with that proposed within the Insurance and Super Working Group paper.

However, concerns were raised in relation to the impact of some of the recommendations on the structural nature of the superannuation system.

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KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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