APRA and ASIC release notes on inaugural Superannuation CEO Roundtable
The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) are releasing the public notes on the inaugural Superannuation CEO Roundtable held on Friday 30 April 2021.
The Roundtable was hosted by APRA Deputy Chair Helen Rowell, and ASIC Commissioner Danielle Press. It was attended by 11 superannuation trustee CEOs, representing all sectors of the industry.
The event focused on the implementation of SPS 515 Strategic Planning and Member Outcomes (SPS 515) and Product Design and Distribution Obligations (DDOs), and how their requirements are complementary and together challenge trustees to have a “continuous improvement” mindset.
The notes can be found on the APRA website at: APRA and ASIC host inaugural Superannuation CEO Roundtable.
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The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.