The proposed changes will require trustees to adopt a more sophisticated risk-based approach to the management of operational risk financial resources.
November 16, 2022The measures are proposed in response to the erosion of member benefits that occurs when successor fund transfers are carried out.
November 14, 2022ASIC reviewed target market determinations for superannuation products and found noncompliance and poor practices by some trustees.
August 31, 2022The overall consultation timeline for Phase 2 of the Superannuation Data Transformation project is being extended from 9 months to 14 months.
August 30, 2022The guidance is for superannuation trustees, asset managers investing superannuation capital, and asset managers operating managed schemes with super funds as investors.
April 8, 2022APRA has issued a discussion paper seeking to better understand current and emerging approaches for managing financial resources.
November 23, 2021Some policies inaccurately refer to obsolete requirements for whistleblowers to identify themselves or make disclosures in good faith or without malice to qualify for protection.
October 14, 2021Superannuation trustees will be required to have in place a retirement income strategy as outlined in a new position paper from 1 July 2022.
July 21, 2021The FAR will not impose civil penalty liability on accountable persons, a shift from the government's position in a January 2020 consultation.
July 20, 2021The consultation says institutions and boards may face liability risks if they do not adequately consider or respond to the impacts of climate change.
April 23, 2021