Hi There

Another busy week - with cyber attacks the hot topic of conversation - latest news articles below. Frankly, it is slightly astounding that many super funds didn't already have multi-factor authentication set up. Guess what they are all doing now?!

And if you personally don't have MFA set up on every app you can, get on it. It's your strongest protection against being hacked. Even the longest password won't save you if a hacker has a copy of it, but MFA will.

Speaking of funds spending money, with APRA releasing expenditure information into the public sphere, the pressure is on to make sure every dollar meets 'best financial interest duty'. Luckily we have Simun Soljo, Partner at Allens, on hand to help you navigate these tricky waters at our ASFA National Discussion Group webinar on Monday, 14 April - details below.

Cheers

Sarah

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NEWS & VIEWS

SCA calls cyberattack ‘a failure’ by ASFA - Professional Planner

Cyberattacks on super funds expose 'critical vulnerability' - Financial Standard

Insignia platform breached amid ‘unsettling’ super sector cyber attack - Professional Planner

The super fund scouring the dark web to protect members - Financial Standard

Super fund growth: The winners and losers - Financial Standard

Trump’s policies are keeping super fund execs up at night - Investor Daily

I think it is a failure’: Longo doubles down on super governance criticism - Investment Magazine

Investors called on to help end modern slavery - Financial Standard

Super funds apologise as ASIC uncovers death benefit failures - Investor Daily

Benefits of super prompt advice carve outs ‘questionable’: Allens - Independent Financial Adviser

Super for housing would benefit 4% of homebuyers: ASFA - Financial Standard

Reserve Bank highlights ‘plausible’ liquidity crisis in super - Super Review

UPCOMING EVENTS

ASFA National Legislation Discussion Group: Monday, 14 April at 1-2pm via Zoom. Topic is "Fund expenditure requirements under updated SPS 515 and APRA scrutiny” with guest speaker Simun Soljo, Partner at Allens. Register here. (If your employer is an ASFA member, then you are welcome to attend. Not sure? Check here).

CREW Webinar - Wednesday, 14 May from 1-2pm via Zoom. Topic is ESG Reporting with guest speaker Rebecca Gunn from AIA. Registration details to come. If you're not yet a CREW member, sign up - women only, sorry blokes.

FUTURE FUND ADMIN 2025:15-16 May 2025, Sydney Central Hotel. I'll be hosting a panel on the role of the CTO. Should be fun :) Register here.

PDS Manager Roundtable - our next roundtable webinar will be held on Wednesday, 21 May from 12:30-2pm with special guest speakers Lisa-Marie McKechnie and Kathy Neilson from Piper Alderman. Please contact Katie if you wish to join.

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