APRA review highlights the need for improved valuation and liquidity risk governance in superannuation

On December 17, 2024, the Australian Prudential Regulation Authority issued an update regarding APRA review highlights the need for improved valuation and liquidity risk governance in superannuation. The review found material gaps in key areas among a significant proportion of superannuation trustees, particularly in board oversight, conflict of interest management, revaluation frequency, and fair value reporting, highlighting the need for further improvement across the industry.