Show download pdf controls
  • Update on 2018 risk differentiation framework process and redesign

    The 2018 tailored diagnostic reports should be delivered to funds by 26 April. These reports will track funds’ performance over a five-year period in meeting their member reporting obligations.

    With transition to the member account attribute service (MAAS) in September 2018, this year’s reports use member lost status data from MAAS (instead of lost member statement LMS data).

    As a result, we've made the following changes:

    • removed the timeliness of LMS indicator
    • Lost members >65 years and Lost account <$6,000 indicators are now based on MAAS and member contributions statement (MCS) data
    • the ‘Open and Lost’ MCS accounts indicator is benchmarked against member lost status in the MAAS data
    • new MAAS data had been added and some MCS data removed from our statistics page.

    As with previous years, we'll support funds by:

    • running a webinar to discuss the 2018 diagnostic report
    • publishing an industry report summarising outcomes from the 2018 risk differentiation framework (RDF) and tailored diagnostic reports
    • meeting with key clients to discuss their results and understand their operating environment.

    With the shift to event-based reporting, we are working with industry collectively (and in some cases with individual funds) to determine best reporting practices. This will feed into the redesigned diagnostic report which will capture event-based reported data.

    Next steps:

    • To participate in consultation about the new RDF model and diagnostic report, email Super Consultation.

    See also:

    Keep up to date:

      Last modified: 03 Apr 2019QC 58477