Regulatory AlertsSPS 515 Strategic Planning and Member Outcomes
The Australian Prudential Regulation Authority issued Prudential Standard SPS 515 to require all RSE licensees to align their strategic objectives and business planning with member outcomes. The standard mandates annual performance reviews, robust financial resource management, and the maintenance of a three-year rolling business plan approved by the Board. It further imposes strict obligations for monitoring key performance indicators, taking timely remedial actions, and executing transfer plans for MySuper product assets if authority is cancelled.
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