The new financial year has been hailed in with a request from Scott Morrison, Treasurer, to commence the final stage of the Superannuation system review, with a draft report due in January 2018, and the final report due one year from now on 1 July 2018.
The review will cover the usual superannuation suspects around costs, fees, and net returns (eg should there be increased disclosure? Would increased disclosure actually improve outcomes for members? What are the implications of exit fees? Should something be done to address account erosion for low account balances? Should costs and fees be tailored for different member segments?). Also (and interestingly), the review will cover insurance in superannuation.