COVID-19 – Information for superannuation trustees

ASIC has withdrawn answers to frequently asked questions about superannuation regulatory issues that have arisen from the COVID-19 pandemic that were published in 2020. This has been done as the content has ceased to be current or useful.

For further information see:

What's new

ASIC consults on updates to relief for superannuation calculators and retirement estimates

Updated 22 December 2021

ASIC has released Consultation Paper 351 Superannuation forecasts: Update to relief and guidance (CP 351) on 18 November 2021 to seek stakeholder feedback on proposed updates to relief and guidance for superannuation forecasting tools.

ASIC has also released slides presented at a stakeholder briefing on 14 December 2021 hosted by Superannuation Senior Executive Leader, Jane Eccleston.

Read the media release

Read the stakeholder briefing slides

ASIC and APRA release notes on second Superannuation CEO Roundtable

14 December 2021

ASIC and APRA have released public notes on the second Superannuation CEO Roundtable held on Wednesday 1 December 2021.

The Roundtable was hosted by ASIC Commissioner Danielle Press and APRA Member Margaret Cole. It was attended by the CEOs of 11 superannuation trustees, representing all sectors of the industry.

Read the notes

Super trustees offering default income protection insurance urged to check on member outcomes

10 December 2021

A 2021 ASIC review has again highlighted that trustees need to examine outcomes for their members and proactively consider whether they are delivering value for money through their insurance in superannuation offering.

Read the media release

ASIC’s focus in superannuation 2021–22 

23 November 2021

While acknowledging the high volume of change in superannuation, ASIC, as conduct regulator for superannuation, continues to expect trustees to approach their regulatory obligations with responsibility, accountability, and transparency. Looking ahead to 2021-22, Jane Eccleston, Senior Executive Leader, Superannuation, identifies ASIC’s main priorities.

Read the article

Surveillance of investment switching by super fund executives identifies concerns with trustees’ conflicts arrangements

27 October 2021

An ASIC surveillance about personal investment switching by directors and senior executives of superannuation trustees has identified concerns with trustees’ management of conflicts of interest.

Read the media release

ASIC releases updated information about the distribution of superannuation products

15 October 2021

ASIC has released updated information for employers and trustees about changes affecting the distribution of superannuation products as a result of recent law reforms.

Read the media release

Enforceable IDR requirements

15 October 2021

The new enforceable internal dispute resolution (IDR) requirements in ASIC’s RG 271 commenced on 5 October. Here’s what trustees must do to comply. 

Read the article

Last updated: 06/12/2021 04:43