APRA’s key questions on super fund liquidity
The degree to which superannuation funds are under pressure to keep a close watch on their liquidity has been revealed by a demand from the Australian Prudential Regulation Authority (APRA) that they complete a report on their liquidity position.
Superannuation fund executives have confirmed to Money Management that they have received a spreadsheet from the regulator on their liquidity position which must be completed by the close of business on 30 March.
The regulator’s move has come amid the loss of further jobs in the sports, hospitality and retail industries which are expected to have flow through effects on fund flows as superannuation guarantee payments dry up.
A number of major industry superannuation funds have also announced downward revisions to the value of their unlisted investments.
APRA announced last week that it was changing its supervisory priorities and would be maintaining a close watch on fund liquidity.
Recommended for you
AMP is to launch a digital advice service to provide retirement advice to members of its AMP Super Fund, in partnership with Bravura Solutions.
Unveiling its performance for the calendar year 2024, AMP has noted a “careful” investment in bitcoin futures proved beneficial for its superannuation members.
SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024, finding the year achieved “strong and consistent positive” returns.
The second tranche of DBFO reforms has received strong support from superannuation funds and insurers, with a new class of advisers aimed to support Australians with their retirement planning.
