APRA moves ahead of Parliament on super fund outcomes test

APRA has moved ahead of the Parliament in introducing an outcomes test for large superannuation funds.

APRA released a package of new and enhanced prudential requirements, which it says are designed to focus large super funds trustees on delivering quality outcomes for members.

APRA Deputy Chairman Helen Rowell said the regulator was committed to lifting standards in the superannuation industry, to the benefit of members.