PwC is an active participant in the superannuation industry and a leading adviser to industry, public sector and corporate funds in Australia. We provide audit and other services to 18 of the Top 20 industry funds.
We advise clients on every aspect of the superannuation business from regulatory compliance to mergers and acquisitions, with specialists in assurance, actuarial, tax and stamp duty, risk management and compliance, services for private clients, strategic advice, investments, technology and forensics.
For example, our team members are currently advising clients on the implications of My Super, SuperStream, APRA prudential standards, FOFA (the Government's Future of Financial Advice legislation), and helping clients to navigate issues such as providing ‘independent advice’ and where the line is drawn between general and personal advice.
We see further opportunities arising from the increase in the superannuation levy to 12%, the shift to pension mode as a result of our aging population, the application of technology solutions (for example to self managed super funds) and the potential of funds being invested offshore.
PwC is at the forefront of thought leadership and lobbying on issues that affect the superannuation industry, such as stamp duty legislation and working with industry on shaping relevant accounting standards.