From financialnewswire.com.au: The Association of Superannuation Funds of Australia has defended the role of superannuation funds in private capital markets, emphasizing that all Australians with super accounts have benefited from these investments, which delivered strong double-digit returns in 2024.

ASFA cautioned against increasing regulatory burdens from ASIC, which could discourage funds from diversifying into private markets and negatively impact members’ retirement savings.

ASFA stated that regulatory cooperation is essential to avoid duplicative efforts and to allow super funds to focus on serving their members effectively.