Super funds fall short on unlisted asset valuations: APRA

Superannuation funds are not revaluing their mammoth unlisted asset portfolios regularly enough, the prudential regulator has warned, potentially “unfairly reducing or inflating” customers’ retirement saving balances.

Fund directors are also failing to properly scrutinise these valuations despite the risks to customers should they be wrong, and even funds that do regularly reevaluate don’t do so enough during periods of market volatility or big policy change.