APRA is evolving and super funds need to read the tea leaves
Consolidation will increase the resources APRA applies to each fund, all else equal, the teams tasked with assessing funds (both those on frontline engagement and those undertaking desktop analysis) can spend twice as much time assessing each fund. This will provide APRA the bandwidth to prepare for the challenges ahead, such as retirement and ESG. However, it will undoubtedly allow APRA to explore super funds in greater detail, writes David Bell
