APRA to reign in funds on performance, valuations
The prudential regulator has written to super trustees outlining its areas of focus for compliance under the Your Future, Your Super reforms, with fund performance, asset valuations and trustee expenditure top of the list.
In a communication to trustees on Friday, the prudential regulator said it would soon undertake the first performance test for MySuper funds required under the legislation – which commenced from 1 July – and notify funds of their results by 31 August.
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