26 April 2024 - APRA and ASIC release notes on Superannuation CEO Roundtables

APRA and ASIC held Superannuation CEO Roundtables on Wednesday, 27 March and Thursday, 28 March 2024. The theme of these discussions was resilient and member-focused fund operations.

Hosted by Simone Constant, Commissioner, ASIC and Carmen Beverley-Smith, Executive Director, APRA, the Roundtables were attended by 20 superannuation chief executive officers (CEOs) and other executives, representing a broad cross-section of the industry across two separate roundtables.

The work on operational resilience is foundational and necessary for supporting robust fund operations, and both agencies encouraged trustees to maintain a strong focus on the interactions members have with their funds in undertaking this work. Regulatory changes under the Financial Accountability Regime (FAR) and Prudential Standard CPS 230 Operational Risk Management (CPS 230), in addition to the current Prudential Standard CPS 234 Information Security (CPS 234), will strengthen trustees’ ability to swiftly respond in times of stress.

Financial Education Professionals acknowledges the Traditional Owners of Country throughout Australia. We pay our respects to Elders past, present and emerging.