Super funds struggling to comply with new rules on unlisted assets

Australian super funds are facing rising costs and other challenges, as regulators seek more frequent valuations for unlisted assets to comply with recent regulation. New rules introduced at the start of the year, for which the latest guidance was published in July, stated expectations for super funds to value their unlisted assets every quarter. Platon Chris, Australia superannuation advisory partner at KPMG, said super funds were indeed moving towards quarterly valuations, but…