AIST and Mercer launch super tracker
The Australian Institute of Superannuation Trustees (AIST) have partnered with Mercer to develop a super tracker to evaluate the super system ahead of its response to the Financial System Inquiry (FSI).
Both the AIST and Mercer said the tracker is an objective way to weigh the benefits and costs of the super system, including being able to see how changes will impact the system.
Mercer will collect and collate data on the super system, which the AIST will then use to inform its response to the FSI.
AIST CEO Tom Garcia said the tracker will examine the super gender gap, overall performance of the super system, and the fairness of Government support for the super system across different income levels.
He said the tracker will mean decision-making can be more evidence-based, and stakeholders can see the impacts policy changes will have on the costs of the super system to the government.
Mercer senior actuary Dr David Knox said recent super enquiries emphasise the need for evidence-based examination of the system, and said the AIST will be looking for community feedback.
"We've had the Financial System Inquiry final report, now we're waiting for the review of the tax system — it's a crucial time to be making evidence-based decisions and the AIST-Mercer Super Tracker will facilitate this," he said.
AUTHOR
Malavika Santhebennur
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