The finance industry regulator is considering publishing more statistics and superannuation data, to enhance transparency in super funds.

The Australian Prudential Regulation Authority (APRA) has released a discussion paper on proposed changes to its superannuation statistical publications and confidentiality of superannuation data.

APRA says it will look to publish MySuper product-level statistics, and create a new data dissemination system to allow people better access to the figures.

Specifically, most of the data submitted by registrable superannuation entity (RSE) licensees will become publically accessible.

The discussion paper is intended to prompt feedback from the industry and interested parties, including determinations on what data should and should not be considered confidential.

APRA Member Helen Rowell says: “It is important that APRA’s publicly released statistics facilitate and encourage analysis of whether the superannuation industry is achieving retirement income policy objectives over the medium to long term.”

And that the changes will “contribute to enhanced transparency, accountability and understanding of the superannuation industry,” Ms Rowell said.

The discussion paper is available on the APRA website. 

Submissions on the proposals are due by Friday 31 January 2014.