On 14 October 2026, the Australian Securities and Investments Commission (ASIC) issued the results of its second review into the financial reporting and audit of superannuation funds. In Report 841 Accounting for your super: Super fund financial reporting and audit 2025–26 (REP 841), ASIC’s review of 42 registrable superannuation entity (
From 2030, master trusts and group personal pensions will generally need a main scale default arrangement holding at least £25 billion in assets under management to continue receiving automatic enrolment contributions. Our briefing explains how the new scale requirements are expected to work, the alternative pathways for schemes that do not initially meet the threshold
On 30 September 2026, the Australian Prudential Regulation Authority (APRA) issued a consultation paper and draft Prudential Standard SPS 530 Investment Governance for consultation.
Background
The policy reform in the consultation paper is the next phase of APRA’s multi-year work to strengthen investment governance. APRA is proposing 8 changes: 3 reforms that
From 2029, guided retirement will shift more responsibility onto trustees and providers, requiring them to identify a suitable default pension benefit solution for members who do not actively choose how to take their benefits. Our briefing looks at how the new regime is expected to work, when it will apply and what trustees and providers
On 22 June 2026, the Financial Conduct Authority published consultation paper (CP26/20) setting out proposals for adapting its rules for a changing market in self-invested personal pensions (SIPPs).
This briefing note explores the recent history of the SIPP industry to understand why the FCA are now taking this step to formalise a due
As the Financial Conduct Authority (FCA) notes, business models have evolved in self-invested personal pensions (SIPP) sector over time. Some SIPP operators have taken advantage of structures through which unauthorised trustee companies hold money and assets for the scheme; while others have sought to provide ‘CASS-like’ protections where it does not
On 22 June 2026, the Financial Conduct Authority (FCA) published Consultation Paper ‘CP26/20: Adapting our rules for a changing market: self-invested personal pensions’. According to the FCA, the self-invested personal pensions (SIPP) market in the UK has grown substantially, both in terms of complexity of business models, structures and assets
On 30 June 2026, the Australian Prudential Regulation Authority (APRA) published the findings of its inaugural System Risk Stress Test (SRST), which focused on links between the banking and superannuation system. The SRST took place last year and covered four major banks and six large superannuation funds and examined how a
On 29 June 2026, the Australian Securities and Investments Commission (ASIC) issued Report 833 – Safeguarding super: How well are platform trustees monitoring risks to retirement savings?
ASIC and the Australian Prudential Regulation Authority have been concerned about gaps in trustees’ oversight of advisers, advice licensees and investments that are made available to