Imminent Aussie law changes could impact Asia

Two radical legislative changes set to be rolled out in Australia – a market often seen as a bellwether for regulatory change in Asia – could have a knock-on effect on the region’s fund management arena. From July 1, the nation’s A$1.5 trillion superannuation industry is to introduce a default scheme called MySuper in a compulsory government drive to engage Australians in their pension provision. MySuper will have one diversified investment strategy with a streamlined fee struct…