APRA sees the culture of superannuation funds as critically important to the protection of members, sound prudential management and industry financial stability. SEAN MCGING reviews why this view is becoming stronger and how culture should be a constant priority for leaders.
Daniel is the most recent addition to our team of next generation actuarial specialists at McGing. A former mathematics teacher and graduate in the Master of Actuarial Studies Degree, Daniel brings his enthusiasm and determination to his work as he strives to be an expert in everything actuarial and consulting.
With many issues on the table for working Australians, we recently sat down with Neekhil Shah, Principal to discuss his take on the future.
One thing the world is doing right now is examining what is fair. It’s safe to say the framework for how we live is under the microscope. For me – that’s a good thing.
In today’s modern world – and particularly in a post-pandemic environment – it’s no surprise to anyone the challenges faced by financial services operators are heightened. If you look in particular at the challenges facing the superannuation sector and then turn to our friendly society colleagues, you can see significant similarities.
There are two prime challenges with unit pricing for super funds today – namely, the volatility of the market, plus increasing expectations around standards and governance.