In an interview published by the Australian Prudential Regulation Authority, its deputy chair and board member said the scale and systemic importance of Australia’s superannuation sector must be matched by stronger governance, management capability and professional standards. The remarks reinforce APRA’s existing focus on trustee governance and the protection of members’ retirement savings rather than announce a new regulatory measure. The deputy chair identified an ageing population and geopolitical threats as challenges that will keep superannuation central to economic policy discussions. APRA’s success should ultimately be measured by members’ confidence that compulsory retirement savings are well governed, managed in their best interests and available when needed.
2026-09-07Australian Prudential Regulation Authority
Australian Prudential Regulation Authority deputy chair urges governance and capability uplift as superannuation becomes systemically important
The Australian Prudential Regulation Authority’s deputy chair said superannuation’s systemic importance requires stronger governance, capability and professional standards. The central objective is to maintain members’ confidence that compulsory savings are managed in their best interests and will provide security in retirement.