APRA consults on SPS 515 strategic planning and member outcomes
APRA opened consultation on Superannuation Prudential Standard SPS 515 to sharpen focus on member outcomes delivery.
APRA is consulting on revisions to SPS 515 to strengthen trustee accountability for delivering outcomes to members. Changes likely tighten expectations around strategic planning, business performance review, and product-level outcomes assessment.
Raises prudential expectations on superannuation trustees, with governance and conduct implications across the wealth sector.
Action Required
Superannuation trustees should review strategic planning frameworks and prepare consultation responses on member outcomes obligations.
SPS 515 is a core prudential standard for super trustees; revisions signal heightened supervisory focus on member outcomes.
Proposed SPS 515 changes increase trustee accountability for member outcomes. Review strategic planning, outcomes assessment, and governance frameworks; prepare consultation response.
“APRA's consultation on Superannuation Prudential Standard SPS 515 Strategic Planning and Member Outcomes to sharpen industry focus on the delivery of outcomes to members.”
Published: 2026-06-15