Search
Close this search box.

Standard Risk Measure a significant development for the industry

Media Statement 14 June 2013

14 June 2013

Standard Risk Measure a significant development for the industry

The Standard Risk Measure (SRM) has been a significant step forward for the industry enabling a standard calculation and presentation to be applied to investment risk in superannuation.

Developed by the Financial Services Council (FSC) and the Association of Superannuation Funds Australia (ASFA) in consultation with APRA and ASIC, the SRM was launched less than one year ago. A full review and analysis of the first phase of the SRM has been scheduled for later this year.

Pauline Vamos said “the release of the SRM was an important first step to providing greater transparency to consumers.”

The SRM aims to provide better protection for consumers by standardising the presentation of risk for all investment options within funds.

John Brogden, CEO of the FSC said: “This is good for consumers as this information has been previously unavailable.”

The FSC/ASFA working group looks forward to working with APRA, ASIC and other stakeholders in the development of the next iteration of the SRM.

They said the analysis by SuperRatings and other organisation will be incorporated into the review process.

For further inquiries, please contact:

FSC

Robyn Tolhurst

02 8235 2561

ASFA

Katrina Horrobin

02 8079 0825

Search
Close this search box.
Search
Close this search box.

Logged in as

Most recent