Superannuation Alert - 29.08.13

Financial Services eBulletin - 29 August 2013

Summary

The Lander & Rogers Superannuation Alert is a brief overview of new developments in the superannuation industry and is in addition to our Superannuation Update, which analyses the main developments of interest in more detail.

  • On 21 August 2013, APRA released its Annual Regulatory Plan for 2013-2014. The Regulatory Plan identifies that APRA intends to undertake the following activities with respect to the superannuation industry:
    • continue to review a prudential framework for the supervision of Level 3 groups;
    • develop guidance on good practice for operational risk management;
    • undertake a cross industry review of APRA's current attestations regime;
    • develop guidance on good practice to manage data risk; and
    • introduce new superannuation reporting standards to collect data on behalf of the Australian Bureau of Statistics.
  • On 22 August 2013 APRA updated its website to include three new FAQs on MySuper. The FAQs are as follows:

 

Further information

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