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Article | Super Update

APRA raises concerns around valuation governance and liquidity management

Super Update, January 2025

January 31, 2025

This issue of our Super Update covers APRA's liquidity and valuation governance review, retirement phase reforms and ASIC's concerns on death claims handling.
Retirement
Future of Work|Pay Transparency Legislation

Our January 2025 Super Update delivers a detailed analysis of the latest regulatory developments affecting the superannuation industry. In this update, you’ll find an overview of APRA’s review of the implementation of SPS 530’s enhanced valuation governance and liquidity management requirements, the government’s new fact sheet on proposed changes to the retirement phase of super and ASIC’s concerns around the handling of death benefit claims. Here is what you need to know:

Superannuation Updates

APRA review of unlisted asset valuation and liquidity risk management governance

APRA has released the findings from a review it conducted of trustees’ progress in implementing enhanced valuation governance and liquidity risk management requirements that were included in the latest version of prudential standard SPS 530. This edition of Super Update gives a useful summary of APRA’s findings and its expectations for all super funds.

Reforms to the retirement phase of super and ASIC's concerns around death benefit claims handling

We also look at the government’s new fact sheet on proposed changes to the retirement phase of super, as well as ASIC’s letter to fund CEOs on its concerns around the handling of death benefit claims.

Super News in Brief

Our news in brief section includes:

  • The new Regulatory Initiatives Grid for the financial sector
  • Regulations to support members exiting certain legacy pension products
  • The government’s fact sheet on the next round of Quality of Advice changes
  • The new Australian Life Tables and the latest superannuation statistical publications

Legislative Update

And, as always, we provide a legislative update and a guide to the key superannuation changes and their effective dates.

For an in-depth understanding and to stay informed, download our comprehensive update prepared by our specialists, and support your members navigate their retirement journey with confidence.

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Title File Type File Size
Super Update Jan - 2025 PDF .6 MB
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