In partnership, the organisations have launched a board governance benchmarking service to ensure best practice in the strategic oversight and governance of funds.
As a condition of the Australian Prudential Regulation Authority (APRA) licensing, super funds must be able to prove on an ongoing basis that they meet licensing standards.
"The service is a way of providing independent review and assessment to super funds and allows them to benchmark themselves against their peers on governance issues," ASFA chief executive officer Philippa Smith said.
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The service will maintain the confidentiality of individual fund information, but will help identify areas where ASFA can provide further support through training and best practice papers.
