Return on energy, compliance plans, risk management - it's all happening here!
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Hi There

 

Welcome to winter!

 

I'm heading to Melbourne today for our sold-out CREW in-person event. We'll be talking competing risks and how to manage them in a complex environment. Can't wait! There are still a couple of tickets left for the Sydney version on 18 June - details below.

 

Speaking of complexity, a friend sent me an interesting piece by Seth Godin titled "Energy and Systems Complexity." This article unpacks the concept of EROI (Energy Return on Investment) and compares marketing to oil production. I kid you not!. Check it out here.

 

All the latest news, views and more events below.

 

Cheers

Sarah

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NEWS & VIEWS 

 

APRA releases superannuation statistics for March 2025 - APRA

 

ASIC blasts managed funds' poor compliance plans - Financial Standard

 

Reactive, populist super tax grab no match for real reform - Professional Planner

 

ASIC tells super: 'You have everything you need to not fail' - Financial Standard

 

Super funds suffer $20.9bn quarterly decline: APRA  - Super Review

 

Super funds post $20.9bn loss in March quarter despite annual growth - Investor Daily

 

Responsible investing buoyed by instos: RIAA - Financial Standard

 

Payday plus 7 days - Financial Standard Super

UPCOMING EVENTS 

 
CREW In-person Events: "Balancing Competing Risks"
Thursday 5 June 2025, Melbourne - SOLD OUT!
Wednesday, 18 June 2025, Sydney - Details and register here.
If you're not yet a CREW member, sign up - women only, sorry blokes.

 

ASFA National Legislation Discussion Group: Monday, 16 June at 1-2pm via Zoom. Topic is “Potential legislative changes that might come from the new Government” with guest speaker James Koval, Chief Policy & Advocacy Officer, ASFA. Register here.

 

ASFA Spotlight on Retirement: Tuesday 17 June 2025, 9.00am - 5.00pm. Melbourne. Register here.

 
Money Management 37th Annual Fund Manager of the Year Awards: Thursday, 26 June 2025 at the Shangri-La, Sydney. Register here. I am a judge once again this year!
 
Annual Future Risks 2025: Superannuation Risks and Governance Conference, 9-10 July 2025, Sydney. Register here. I will be hosting a panel discussion on Governance Excellence in Practice.
 
PDS Manager Roundtable - our next roundtable webinar will be held on Wednesday, 20 August from 12:30-2pm with special guest speaker Craig Parrish from Maurice Blackburn. Please contact Katie if you wish to join. 
 
ASFA Investment Summit 2025 - 26 August 2025 at Howard Smith Wharves, Brisbane. Details here.
 
ENGAGE 2025 - Future of Member Engagement 2025 Forum - 25 and 26 September 2025, Sydney Central Hotel. Details here.
 
ASFA Conference 2025 - 11-13 November 2025, Gold Coast. Details here.

ASIC not happy with REs

There hasn't been a lot of focus on fund management REs in recent years. But that's about to change. ASIC threw a hand grenade over the parapet on Monday with this press release, claiming that numerous REs aren't keeping up with the basics, like DDO and IDR.

 

Given that funds have to lodge their compliance plans with ASIC, I wouldn't be surprised if ASIC used AI to trawl through all the plans on file and look for issues. It's easily done. ASIC have been using machine learning/AI to scan on-market materials for years, so it makes sense that they would also turn those tools to compliance plans. 

 

What happens next will be interesting (or likely very painful if you manage any compliance plans). Stay tuned...

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