In recent months, APRA has published two information papers which contain important messages for Trustees on the topics of governance, risk management and compliance. The first paper relates to APRA’s review of the superannuation prudential framework, and the second to APRA’s report on governance, culture and accountability self-assessments. The messages are clear. Firstly, developing and maintaining an efficient and effective regulatory change capability is crucial in order to respond to ongoing regulatory change. Super funds are facing increasing compliance requirements, more assertive regulators and increasing demands from members and stakeholders. Numerous surveys have identified the impact of regulatory change, whether...