Friday, 25 January 2019

Post-Implementation Review of the Prudential Framework for Superannuation: Data and Reporting Framework

AIST believes that the reporting framework does not presently meet its objectives and APRA needs to change its focus to include members’ best interest. Reporting standards do not enable system performance assessment. AIST calls for a comprehensive data and reporting framework to be implemented, with a specification of what is needed to benchmark system performance.