APRA publishes IOPS announcement
The Australian Prudential Regulation Authority (APRA) has published an announcement by the International Organisation of Pension Supervisors (IOPS) outlining good industry practices when forecasting and communicating future retirement benefits.
APRA Deputy Chair Helen Rowell is the President of IOPS.
The announcement is available below:
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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.