Hi There

I'm writing this from sunny Perth. It's very nice here, but a very long way from anything. It's somehow a bit easier to ignore Trump when the sun is shining and I'm raiding Dad's fridge (I might be 50 but staying at your parent's place turns you back into a teenager real fast!).

On the work front, the fallout from the super fund hacks continues. AustralianSuper CEO Paul Schroder said "I want to be clear that AustralianSuper was not hacked". Mate you can call it what you want, we call it hacked. And it's bad.

On a lighter* note this week we had our ASFA National Discussion Group with guest speaker Simun Soljo, Partner at Allens who discussed "Fund expenditure requirements under updated SPS 515 and APRA scrutiny”. Simun stepped through the requirements and potential issues, and strongly recommended having all your ducks in a row should you ever have a 'please explain' from APRA.

It never stops does it?!

Cheers

Sarah

*Well, I wouldn't want to be dealing with this either frankly!

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NEWS & VIEWS

ASFA CEO calls for policy stability to safeguard retirement savings - Investor Daily

Failing to protect members undermines the social licence of super - Investment Magazine

Lifetime income advice from super funds could cause unfixable issues - Independent Financial Adviser

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

Taylor criticises funds for prioritising growth over customer outcomes - Super Review

Member value: Income protection in superannuation - Financial Standard

SMSF trustees warned to stay vigilant as cyberattackers target super - Professional Planner

Paying more fees doesn't speed up superannuation death benefit payouts - Financial Standard

NPP not suitable as the primary payment system for payday super - Financial Standard

Has your super fund been hit by US Tariff turmoil? - Canstar

UPCOMING EVENTS

ASFA National Legislation Discussion Group: Monday, 12 May at 1-2pm via Zoom. Topic is "APRA’s proposed changes to CPS 510 Governance” with guest speaker Silvana Wood, Partner at Gilbert + Tobin. Register here.

CREW Webinar - Wednesday, 14 May from 1-2pm via Zoom. Topic is "Preparing for ‘Sustainability Reporting’ for the upcoming Climate Related Financial Disclosures" with guest speaker Rebecca Gunn from AIA. Register here. 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 two panel discussions, one on the role of the CTO and one on member experience. 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.

ASFA Events - more details to come:

Spotlight on Operations | Melbourne | May | To be confirmed

Spotlight on Retirement | Melbourne | 17 June | To be confirmed

ASFA Investment Summit | Brisbane | 26 August | To be confirmed

ASFA NATIONAL LEGISLATION DISCUSSION GROUP - MAY

Our next ASFA National Legislation Discussion Group will be held on Monday, 12 May, 1-2pm via Zoom.

The topic is "APRA’s proposed changes to CPS 510 Governance” with guest speaker Silvana Wood, Partner at Gilbert + Tobin.

Register here. (If your employer is an ASFA member, then you are welcome to attend. Check here).

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