 APRA has put risk management firmly on the superannuation agenda. Each fund must create and maintain a risk management framework under APRA’s RSE licensing regime. Recognising that outsourcing is a significant component of the management of most funds, trustee boards are also looking to their service providers to implement risk frameworks as well.
Making risk management effective is both an art and a science. The science is in using an analytical approach to develop and document a risk management framework. The art comes in the ability to tease out new issues and extend the thinking of participants.
A good risk management framework will provide strategic direction. Pulling it together requires a unique combination of skills – a deep understanding of super funds and the ability to facilitate effectively. Here we bring together experts in superannuation and risk management to excellent effect.
A poor risk management framework will just sit on the shelf so winning hearts and minds is essential to make the framework ‘live’. Our experts help clients to engage on the subject of risk and understand their responsibilities.
Learn more...
Fraud and theft in super - taking the gloves off
Super funds have been the target of fraud in the past. They will be again in the future. The challenge for the industry is to make it tough for fraudsters to succeed.
Outsourcing your corporate super fund - the benefits and residual risks
First published in the October 2005 issue of Keeping good companies, the official journal of Chartered Secretaries Australia.
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