MySuper product dashboard
Information Sheet 170 (INFO 170) contains detailed information about the MySuper product dashboard requirements for superannuation trustees.
In 2013, ASIC conducted consumer testing of the MySuper product dashboard. For more information see:
- REP 378 Consumer testing of the MySuper product dashboard – December 2013
- MySuper product dashboard example
- 14-110MR ASIC reviews MySuper product dashboards.
Choice product dashboard
The start date for choice product dashboard requirements has been deferred until 1 July 2023 (see ASIC Class Order [CO 14/443]).
The deferral also extends previous relief that allows registrable superannuation entities (RSE) licensees to provide a product dashboard with a periodic statement by including a website address for the latest product dashboard, rather than requiring a hard copy of the dashboard to be included with the periodic statement.
In 2015, ASIC conducted consumer testing of the Choice product dashboard. For more information see:
- REP 455 Consumer testing of the Choice product dashboard – December 2015
- 15-378MR ASIC releases results of consumer testing for the Choice product dashboard and further detail about super estimators
Including additional content on a website alongside product dashboards
The product dashboard provisions do not expressly prohibit RSE licensees from including additional information on their website alongside the product dashboard. For example, an RSE licensee may wish to include further information about risk or refer a member to the information about risk that is available in the PDS for the product. However, an RSE licensee should observe good disclosure principles in giving additional content to ensure that the presentation of the product dashboard is still helpful for consumers and is not misleading or deceptive. For useful information see ASIC's Regulatory Guide 234 Advertising financial products and advice services: Good practice guidance (RG 234).