20 August 2026
Australia's two largest super funds have welcomed reforms to superannuation advice announced today by Assistant Treasurer and Minister for Financial Services Daniel Mulino.
Between them, AustralianSuper and Australian Retirement Trust manage the retirement savings of about six million Australians, with a combined $800 billion in member funds.
Australian Retirement Trust CEO Kathy Vincent said comprehensive reforms to strengthen consumer protections and make advice more accessible should be legislated as soon as possible.
“Australians deserve access to retirement advice that is right for them, and I congratulate Minister Mulino and the Federal Government on the range of measures announced today,” Ms Vincent said.
These changes will contribute to a more confident and dignified retirement for millions of Australians.
“We look forward to seeing the detail of the draft legislation so industry stakeholders can have confidence about the path forward that is in the interests of fund members.”
AustralianSuper CEO Paul Schroder said the proposed reforms would get the balance right on consumer protections and advice as 2.5 million Australians retire over the next decade.
“We support the Government's plan to strengthen consumer protections and make advice easier to get for millions of Australians,” he said.
“Members deserve the right help to make good financial decisions with one of their most important assets.”
“People need more help and they need that help to be safe and reliable.”
“We welcome Minister Mulino's proposals to protect people's retirement savings and look forward to the legislation coming to Parliament.”
For media enquiries, please contact:
Australian Super:
Angus Livingston
M: +61 438 012 162
Australian Retirement Trust:
Geoff Breusch
M: +61 497 302 333
About AustralianSuper
AustralianSuper manages more than $430 billion in members’ retirement savings on behalf of more than 3.6 million members from more than 500,000 businesses (as at 30 June 2026).
This article may include general financial advice which doesn’t take into account your personal objectives, financial situation or needs. Before making a decision consider if the information is right for you and read the relevant Product Disclosure Statement,available at australiansuper.com/PDS. A Target Market Determination (TMD) is a document that outlines the target market a product has been designed for. Find the TMDs at australiansuper.com/TMD.
AustralianSuper Pty Ltd ABN 94 006 457 987, AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898.
About Australian Retirement Trust
Australian Retirement Trust is one of Australia’s largest super funds. More than 2.4 million Australians Trust us to take care of over $370 billion of their retirement savings. We’re here to help our members retire well with confidence, focused on strong long-term investment returns, lower fees and providing information and access to advice our members need to manage their super and retirement.