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Status: Open to submissions
11 November 2022

Strategic planning and member outcomes: proposed enhancements

This page contains information regarding APRA's consultation on proposed enhancements to Superannuation Prudential Standard SPS 515 Strategic Planning and Member Outcomes (SPS 515) to sharpen industry focus on the delivery of outcomes to members.

August 2022

 

On 1 August 2022, APRA released a discussion paper seeking feedback from superannuation trustees and other industry stakeholders on proposed enhancements to Superannuation Prudential Standard SPS 515 Strategic Planning and Member Outcomes (SPS 515).

This paper covers proposed enhancements relating to defining quality member outcomes, running the RSE licensee’s business in a financially and operationally sound and sustainable manner, assessing performance and taking timely and appropriate action to address areas of underperformance.

Submissions to this discussion paper are requested to be provided no later than 11 November 2022.

The discussion paper can be found below.

Media release: APRA looks to enhance strategic planning and member outcomes in super.

Discussion paper

 

Discussion paper - Strategic planning and member outcomes: Proposed enhancements

Note on submissions

It is APRA's policy to publish all submissions on the APRA website unless the respondent specifically tells APRA in writing that all or part of the submission is to remain confidential. An automatically generated confidentiality statement in an email does not satisfy this purpose. If you would like only part of your submission to be confidential, you should provide this information marked as 'confidential' in a separate attachment.