So here's an interesting question. Why do we need to list default funds if we have the MySuper regime and stronger governance? I have been told by people in the industry that I am 'brave' to come out publicly against the ...
Member best interest - who and what Trustees of super funds are required to make decisions in the member's best interest (MBI). So, who is the member and what is their best interest? I have worked with a number of trustee boards ...
In a recent blog I proposed the idea that the trustees of superannuation funds could demonstrate independence of mind by using the framework offered by the business judgement rule. Specifically, section 180(2) of the corporations act provides various protections for directors ...
Trustee: Independence of mind and the business judgement rule. APRA’s new governance standards for superannuation funds apply from 1 July. APRA’s view is that the new standards should not create a burden for trustees of large funds because they are ...