Financial Standard Comments - Lifecycle fails to woo industry super Six years after the first lifecycle MySuper products hit the shelves, industry superannuation funds have trailed behind the retail sector in terms of adoption. https://www.financialstandard.com.au/feed/latest?story=136734921 Mon, 20 May 2019 21:31:15 +1000 Mon, 20 May 2019 21:31:15 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by Douglas Bucknell (Trustee Tailored Super) Article should have quoted PC Finding 4.3 for balance. Should have mentioned most MySuper members are younger and have left MySuper by age 50. Their added value from higher growth options, both individually and collectively for the fund, compounded over time should be included in any assessment. Its is a very very big known issue that must be quantified in an outcome assessment and acting in members best interests. It is not a simple assessment on a funds own return, option return or just sequencing risk reduction. Some have got it, others are catching on, and the depth of the issue will evolve and be exposed over time particularly as the funds Outcomes Assessments are released. As an analogy, no fund would now exclude fund manager survivor bias - but it used to happen. A third of Mysuper funds have already moved to simple age only life-cycling, that will move on to better well-designed life-cycle defaults and more funds will then follow.

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]]> Douglas Bucknell (Trustee Tailored Super) Mon, 20 May 2019 21:31:15 +1000