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Energy Super launches disclosure tool

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By Scott Hodder
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2 minute read

Energy Super has rolled out an online investment disclosure tool ahead of the 30 June 2015 implementation date for portfolio holdings disclosure.

New rules requiring superannuation funds to list the details of the individual securities their members are invested in was due to come into force on 30 June 2014, but the measure has been delayed for 12 months.

Energy Super chief executive Robyn Petrou said her fund's new tool provides a “deeper level” of fund transparency and responds to member interest in where their super is invested.

“This is the latest in a series of measures we’ve taken to illuminate members’ investments to them,” Ms Petrou said.

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“Apart from satisfying members’ curiosity, what this tool really does is foster an even greater level of member engagement.

“They no longer see their super account as just this lump of money sitting off the side, but as a dynamic portfolio of assets which they have a stake in,” Ms Petrou said.