The current focus is on conflicts of interest and insurance management.
Approximately 40 funds that APRA reviewed were found to have conflicts management frameworks that were assessed as "vulnerable or weak".
Trustees who are facing an APRA review may wish to revisit their conflicts management policies (and the arrangements in place that underpin the policies).
In her talk, Helen also encouraged trustees to have a long, hard look at any related party arrangements they may have to ensure they are appropriately managed.
This would encompass arrangements with unions, employers, promoters, etc.
Other interesting messages include:
Despite mentioning insurance management as an area of interest, not much was said on the topic. APRA will apparently release more details on the outcome of their reviews in the coming months.
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