Your Future, Your Super reforms 'will disproportionately aff

Your Future, Your Super reforms 'will disproportionately affect' funds


Your Future, Your Super reforms ‘will disproportionately affect’ funds
By
Neil Griffiths
02 July 2021
Specialist consulting firm Right Lane has warned the federal government that the recently passed Your Future, Your Super reforms could lead to “uncompetitive outcomes” in the superannuation system.
Though the legislation is aimed at addressing flaws in the super system, Abhishek Chhikara, associate principal at Right Lane, said it could result in mega funds dominating.
“The recent reforms are aimed at addressing structural flaws in the system such as multiple member accounts and fund underperformance. However, the changes will disproportionately affect small and medium-sized funds, challenging their viability and potentially forcing them out of the system,” Mr Chhikara said.

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