Hi There

Well it's the middle of June and distinctly not cold. Very odd. Hope everyone has their climate change risk plan up to date!

In other news, Jenny (our Ops Director) went to see Disclosure Day and didn't like the ending. So she got inspired and made her own 'disclosure' poster, which you can see here on LinkedIn. 

Also if you’re an FSC member, make sure you grab a spot at our first joint Mayflower/FSC webinar on Monday, 29 June - details below.

Regards

Sarah

THOUGHT OF THE WEEK 

Are you a goals person or a systems person?

Most senior people I know have been told they should be goals people. OKRs, quarterly plans, strategy days that produce beautiful slide decks and approximately zero behaviour change.

But goals just describe where you want to be. They don't tell you how to show up on a Tuesday.

Systems do. A weekly cadence for stakeholder updates. A standing process for document reviews. A clear owner for every decision that needs to be made before a product can move.

In my experience, the leaders who reallly bring about change aren't just more ambitious, they're also more systematic.

Which one are you?

LATEST NEWS & VIEWS 

APRA and ASIC release notes on Superannuation CEO Roundtables - APRA SP - some serious intellectual grunt at the table at these meetings. The discussions focused on System Risk Stress Test. Oh to be a fly on the wall :) 

ASIC warns lagging super funds on death benefits claims - Super Review

"ASIC revealing that five of the 10 trustees currently under review had not identified a single systemic issue through complaints analysis during the review period. At least one trustee had failed to analyse complaints data altogether." Oh dear.

Laggards drag down super’s death benefits progress: ASIC - Investment Magazine

ASIC to take 'balanced' stance on super advertising ban rules - Financial Standard SP - this is only advertising as part of employee onboarding. Frankly I'm glad this is happening. Encouraging people to change super with minimal thought when they already have a lot on their plate starting a new job just isn't great.

APRA targets super fund boards with governance overhaul - Super Review

ASFA lifts comfortable retirement standard to $730k for couples - Financial Standard

Super funds race to implement digital advice - Financial Standard

Four in ten overestimate retirement savings needed - Super Review

Analysis finds super drawdown phase ‘fraught with uncertainty’ - Super Review

Why the super tax changes will reinforce the strategic case for SMSFs - Professional Planner

WORTH YOUR TIME

That Super Show 

Join Neil and I as we recap the insights from the IBRC Future Fund Admin Forum. Day one explores whether Australia’s super industry will really consolidate into a few mega funds. Day two looks at what it really takes to improve member experience. Subscribe or listen here.

Events we are running/speaking at:

FSC / MAYFLOWER WEBINAR 

Monday, 29 June 2026, 1pm.

Mandatory Climate Reporting and Greenwashing Risk Webinar. Join us and the FSC to unpack what the new regime means in practice, including obligations from 1 July and ASIC’s focus on greenwashing. Complimentary and exclusive to FSC members. Register here.

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