Regulatory AlertsSPG 160 Defined Benefit Matters
The Australian Prudential Regulation Authority issued this guide to provide RSE licensees with guidance on complying with Prudential Standard SPS 160 regarding the management of defined benefit funds. The document outlines requirements for actuarial investigations, including annual reviews and interim triggers, while establishing a shortfall limit mechanism to manage financial position fluctuations between regular investigations. It further details the mandatory development and monitoring of restoration plans to address unsatisfactory financial positions and sets standards for self-insurance arrangements.
Share