Superannuation Alert 16.02.16

Financial Services eBulletin - 16 February 2016

The Lander & Rogers Superannuation Alert is a brief overview of new developments in the superannuation industry.

  • On 11 February 2016, APRA published Wayne Byres' (APRA Chairman) opening statement to the Senate Economics Legislation Committee, which discusses APRA's agenda for 2016. In relation to superannuation, APRA’s focus for 2016 will be on "assessing the adequacy of implementation of APRA’s prudential requirements by superannuation entities, with a particular emphasis on how well boards and management are addressing key strategic, governance and operational areas whilst also ensuring they meet members’ best interest obligations." This will be done through supervision at the level of individual trustees and funds, as well as reviews across the industry.

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