ASIC and APRA letter to superannuation trustees on impact of COVID-19

1 April 2020

The unusual and challenging circumstances associated with COVID-19 require trustees to make new business arrangements, amend priorities and adjust their short-term investment strategies. What does not change is their duty to comply with the law, including the duty to act in the best interests of their members. At a time of uncertainty, this is essential to maintaining public confidence that superannuation remains a safe, fair and sound long-term investment towards retirement.

ASIC and APRA have written to all registrable superannuation entity (RSE) licensees reminding trustees of their obligations during this time.

Download the letter (PDF 87KB)

Last updated: 01/04/2020 12:00