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BRIEF-APRA Finalises Changes To Requirement For How Superannuation Licensees Assess Outcomes

Published 28/08/2019, 11:56 am
© Reuters.  BRIEF-APRA Finalises Changes To Requirement For How Superannuation Licensees Assess Outcomes

Aug 28 (Reuters) -

* AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY FINALISED CHANGES TO ITS REQUIREMENT FOR HOW SUPERANNUATION LICENSEES ASSESS OUTCOMES DELIVERED TO MEMBERS

* APRA SAYS NOW REQUIRE ALL REGISTRABLE SUPERANNUATION ENTITY LICENSEES TO PERFORM ANNUAL BUSINESS PERFORMANCE REVIEW TO ASSESS OUTCOMES FOR MEMBERS

* APRA SAYS THE PRUDENTIAL STANDARD SPS 515 STRATEGIC PLANNING AND MEMBER OUTCOMES WILL COME INTO FORCE FROM 1 JANUARY NEXT YEAR

* APRA SAYS INTENDS TO START PUBLISHING ADDITIONAL INFORMATION ON SUPERANNUATION PERFORMANCE BY END OF THE YEAR

* APRA SAYS INTENDS TO START PUBLISHING ADDITIONAL INFORMATION ON SUPERANNUATION PERFORMANCE BY END OF THE YEAR

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