Media Release

Wednesday, 16 May 2018

FSC and AIST team up to help fund managers tackle new operational due diligence

The Financial Services Council (FSC) and the Australian Institute of Superannuation Trustees (AIST) have today released further guidance tools to help fund managers prepare their operational due diligence (ODD) reports for the superannuation industry. Both industry bodies are promoting a collective and cost-effective ODD framework to help super funds meet their regulatory obligations to closely monitor and assess the management of operational risk controls by investment fund managers.