Strategic planning and member outcomes: proposed enhancements
This page contains information regarding APRA's consultation on proposed enhancements to Superannuation Prudential Standard SPS 515 Strategic Planning and Member Outcomes (SPS 515) to sharpen industry focus on the delivery of outcomes to members.
September 2023
On 21 September 2023, APRA released a discussion paper outlining its proposed enhancements to the superannuation prudential framework to strengthen strategic and business planning and transfer planning.
This paper also responds to feedback provided in response to APRA’s 2022 discussion papers and findings from relevant thematic reviews.
Submissions are requested to be provided no later than 21 December 2023.
The discussion paper, Prudential Practice Guide (SPG 515) Strategic and Transfer Planning, Prudential Practice Guide (SPG 516) Business Performance Review and Prudential Standard (SPS 515) Strategic Planning and Member Outcomes can be found below.
Media release: APRA strengthens standard to enhance member outcomes in superannuation.
Discussion paper
Strategic and transfer planning: enhancing member outcomes
Prudential practice guide
Prudential Practice Guide (SPG 515) Strategic and Transfer Planning
Prudential Practice Guide (SPG 516) Business Performance Review
Prudential standard
August 2022
On 1 August 2022, APRA released a discussion paper seeking feedback from superannuation trustees and other industry stakeholders on proposed enhancements to Superannuation Prudential Standard SPS 515 Strategic Planning and Member Outcomes (SPS 515).
This paper covers proposed enhancements relating to defining quality member outcomes, running the RSE licensee’s business in a financially and operationally sound and sustainable manner, assessing performance and taking timely and appropriate action to address areas of underperformance.
Submissions to this discussion paper are requested to be provided no later than 11 November 2022.
The discussion paper can be found below.
Media release: APRA looks to enhance strategic planning and member outcomes in super.
Discussion paper
Discussion paper - Strategic planning and member outcomes: Proposed enhancements
Note on submissions
It is APRA's policy to publish all submissions on the APRA website unless the respondent specifically tells APRA in writing that all or part of the submission is to remain confidential. An automatically generated confidentiality statement in an email does not satisfy this purpose. If you would like only part of your submission to be confidential, you should provide this information marked as 'confidential' in a separate attachment.