APRA issues new frequently asked questions on the introduction of trustee directed products
The Australian Prudential Regulation Authority (APRA) has released a new set of frequently asked questions (FAQs) to provide clarity to RSE licensees on the introduction of trustee directed products (TDPs) into the Government’s Your Future, Your Super performance test.
The FAQs inform on the investment options captured as TDPs, the data sources that will be used in the 2022 performance test and when RSE licensees will be contacted about their 2022 performance test results.
The FAQs are available on APRA website at: Your Future, Your Super Frequently Asked Questions.
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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.