Super funds spending without any clear benefit for members: APRA

Super funds spending without any clear benefit for members: APRA

The nation’s biggest superannuation providers have “suboptimal” expense policies that risk undermining the best financial interests of millions.

How to invest your super in FY26 - Stocks Down Under

How to invest your super (short for superannuation) is a question that all Australians will need to answer. Everyone will have an account, but they will have to pick a fund and from there have   Answering the question ‘how to invest your super’ starts with picking a super fund The first step towards deciding…

Expenditure under scrutiny: APRA issues warning to RSE licensees

On 24 June 2025, Australian Prudential Regulation Authority (APRA) Deputy Chair Margaret Cole issued a letter to all registerable superannuation entity (RSE) licensees setting out the regulator’s observations, examples of better practice and areas for improvement to support RSE licensees’ compliance with their legal duties, including the best financial interests duty, and achieve better outcomes for their members. Background The letter follows a…

APRA identifies super fund expenditure shortcomings

The Australian Prudential Regulation Authority has identified weaknesses in superannuation funds expenditures and putting members interests first including a lack of rigour entering into agreements and a lack of robust governance and oversight. In a letter to superannuation funds following intensified scrutiny of fund-level expenditure particularly focused on 14 superannuation funds, the regulator has set out its expectations and what it sees as…