Superannuation trustees face the challenge of ensuring all expenditure promotes the best financial interests of members, while also supporting efficient business operations. With APRA intensifying its scrutiny (including recent letters to trustees), the expectation is clear that trustees develop comprehensive end-to-end expenditure management frameworks.
Following a sold out session at the ASFA Conference on the Gold Coast, this important masterclass will provide practical guidance on implementing and enhancing expenditure frameworks to meet the requirements of the best financial interest duty.
Building on ASFA Guidance developed by the Best Financial Interests Working Group, industry research, and real-world case experience, it will equip you with the tools to strengthen expenditure frameworks, align with SPS 515, meet regulatory expectations, and avoid common pitfalls.
Learning objectives
By attending this Masterclass, participants will be able to:
- Explain the connection between expenditure decisions and members’ best financial interests.
- Apply practical tools and strategies to align expenditure management with regulatory obligations and member expectations.
- Recognise common pitfalls and how to avoid them.
- Implement frameworks that enhance transparency and accountability in expenditure processes.
Who should attend
Fund staff only: Trustees and directors, Fund executives, COOs, CFO’s, compliance and risk professionals, those who support the board/trustee function.
