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APRA: Do as I say, not as I do - Financial Newswire

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<span><a href="https://financialnewswire.com.au/./squizzy/">Squizzy</a></span> &gt; <span class="breadcrumb_last" aria-current="page">APRA: Do as I say, not as I do</span></span></p><div class="col span_12 section-title blog-title"><h1 class="entry-title fn-blue">APRA: Do as I say, not as I do</h1><div id="single-below-header" data-hide-on-mobile="&lt;?php echo esc_attr($using_fixed_salient_social); ?&gt;"><span class="meta-author vcard author"><span class="fn">Squizzy</span></span><span class="meta-date date published">28 January 2022</span></div></div></div><span class="post-featured-img"><img width="1590" height="1070" class="attachment-full size-full wp-post-image nectar-lazy toploaded loaded nectar-lazy toploaded loaded" alt="APRA executive team" decoding="async" title="" fetchpriority="high" data-nectar-img-src="https://financialnewswire.com.au/wp-content/uploads/B8AE7CCD-04B1-4033-8EF7-21EAB397019C.png" src="https://financialnewswire.com.au/wp-content/uploads/B8AE7CCD-04B1-4033-8EF7-21EAB397019C.png"></span><p><strong>Squizzy is a great believer in leading by example &ndash; something which possibly explains why he is usually first out the door every evening and first into the pub.</strong></p> <p>And so in these days when superannuation funds are being closely scrutinised with respect to how and where they spend money, he is somewhat confused about how and why the Australian Prudential Regulation Authority (APRA) is going to justify what it has spent on its 2021 Year in Review report.</p> <p>As someone who has been in the publishing game for most of his adult life, Squizzy knows a quality production when he sees one and, frankly, the APRA 2021 Year in Review is a quality production which can&rsquo;t have come cheap.</p><div id="div-gpt-ad-7210160-1" style="height:250px; margin-bottom: 10px;"> </div> <p>It is certainly something not generated in microsoft word and run off the laser printer.</p> <p>Now, to be fair, Squizzy has only seen the electronic (pdf) version of the APRA report but he is impressed by the quality of the photography and typography and acknowledges that at least the photographer wasn&rsquo;t trying for too many expensive location shots, confining the shoot to Martin Place and Wynyard Station but the APRA executive team looked just ducky.</p> <p>Squizzy knows it would be a brave superannuation fund executive who challenged APRA on the cost of its 2021 Year in Review report but your always cynical correspondent will be greatly disappointed if a back-bencher does raise the issue during a committee hearing.</p> <p>Leading by example comes in many forms.</p> <div class="post-tags"><h4>Tags:</h4><a href="https://financialnewswire.com.au/tag/apra/" rel="tag">APRA</a><a href="https://financialnewswire.com.au/tag/superannuation/" rel="tag">superannuation</a><a href="https://financialnewswire.com.au/tag/year-in-review/" rel="tag">year in review</a><div 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</ul></div></div><div id="block-5" class="widget widget_block"> <h2 class="wp-block-heading">Latest Comments</h2> </div><div id="block-4" class="widget widget_block widget_recent_comments"><ol class="has-avatars has-dates has-excerpts wp-block-latest-comments"><li class="wp-block-latest-comments__comment"><img decoding="async" loading="lazy" width="48" height="48" alt="Avatar" class="avatar avatar-48wp-user-avatar wp-user-avatar-48 alignnone photo wp-block-latest-comments__comment-avatar avatar-default nectar-lazy" data-nectar-img-src="https://secure.gravatar.com/avatar/b92cdad5297f73473efa45364d375d93?s=48&amp;d=mm&amp;r=g"><article><footer class="wp-block-latest-comments__comment-meta"><span class="wp-block-latest-comments__comment-author">Terry G</span> on <a class="wp-block-latest-comments__comment-link" href="https://financialnewswire.com.au/financial-planning/shape-of-dbfo-tranche-2-visible-before-christmas/#comment-6373">Shape of DBFO Tranche 2 visible before Christmas</a><time datetime="2024-11-19T16:27:26+11:00" class="wp-block-latest-comments__comment-date">19 November 2024</time></footer><div class="wp-block-latest-comments__comment-excerpt"><p>All in the name of access to advice.... But in fully qualified adviser land... oh no, you cannot have that....&hellip;</p> </div></article></li><li class="wp-block-latest-comments__comment"><img decoding="async" loading="lazy" width="48" height="48" alt="Avatar" class="avatar avatar-48wp-user-avatar wp-user-avatar-48 alignnone photo wp-block-latest-comments__comment-avatar avatar-default nectar-lazy" data-nectar-img-src="https://secure.gravatar.com/avatar/2fe14b593dfb796870c5ae2e46b7deab?s=48&amp;d=mm&amp;r=g"><article><footer class="wp-block-latest-comments__comment-meta"><span class="wp-block-latest-comments__comment-author">Jeremy</span> on <a class="wp-block-latest-comments__comment-link" href="https://financialnewswire.com.au/superannuation/apra-action-sees-hesta-pay-members-over-valuation-decisions/#comment-6372">APRA action sees HESTA pay members over valuation decisions</a><time datetime="2024-11-19T14:32:35+11:00" class="wp-block-latest-comments__comment-date">19 November 2024</time></footer><div class="wp-block-latest-comments__comment-excerpt"><p>How is HESTA paying for the adjustments? Who pays for the market moves? All members? This is not communicated in&hellip;</p> </div></article></li><li class="wp-block-latest-comments__comment"><img alt="" class="avatar avatar-48wp-user-avatar wp-user-avatar-48 alignnone photo wp-block-latest-comments__comment-avatar wp-block-latest-comments__comment-avatar wpdiscuz-social-avatar nectar-lazy" height="48" width="48" data-nectar-img-src="https://media.licdn.com/dms/image/C5103AQHaK2wxuuoQJg/profile-displayphoto-shrink_100_100/0/1516336489393?e=1713398400&amp;v=beta&amp;t=mkBvvfYpG50C8Cq32H9m-hdg9YN3LzJoV5Hdyfdwp44"><article><footer class="wp-block-latest-comments__comment-meta"><span class="wp-block-latest-comments__comment-author">calling it out</span> on <a class="wp-block-latest-comments__comment-link" href="https://financialnewswire.com.au/financial-planning/shape-of-dbfo-tranche-2-visible-before-christmas/#comment-6371">Shape of DBFO Tranche 2 visible before Christmas</a><time datetime="2024-11-19T14:02:10+11:00" class="wp-block-latest-comments__comment-date">19 November 2024</time></footer><div class="wp-block-latest-comments__comment-excerpt"><p>The whole concept of another class of financial advisers who don't need to meet the same red-tape requirements, or education&hellip;</p> </div></article></li><li class="wp-block-latest-comments__comment"><img decoding="async" loading="lazy" width="48" height="48" alt="Avatar" class="avatar avatar-48wp-user-avatar wp-user-avatar-48 alignnone photo wp-block-latest-comments__comment-avatar avatar-default nectar-lazy" data-nectar-img-src="https://secure.gravatar.com/avatar/2e124882e685ccaba9007be417d1aa23?s=48&amp;d=mm&amp;r=g"><article><footer class="wp-block-latest-comments__comment-meta"><span class="wp-block-latest-comments__comment-author">davo</span> on <a class="wp-block-latest-comments__comment-link" href="https://financialnewswire.com.au/superannuation/apra-action-sees-hesta-pay-members-over-valuation-decisions/#comment-6370">APRA action sees HESTA pay members over valuation decisions</a><time datetime="2024-11-19T13:08:26+11:00" class="wp-block-latest-comments__comment-date">19 November 2024</time></footer><div class="wp-block-latest-comments__comment-excerpt"><p>Yeah, typical - one set of rules for Advisers and non Industry Super and a completely different set of rules&hellip;</p> </div></article></li><li class="wp-block-latest-comments__comment"><img decoding="async" loading="lazy" width="48" height="48" alt="Avatar" class="avatar avatar-48wp-user-avatar wp-user-avatar-48 alignnone photo wp-block-latest-comments__comment-avatar avatar-default nectar-lazy" data-nectar-img-src="https://secure.gravatar.com/avatar/b92cdad5297f73473efa45364d375d93?s=48&amp;d=mm&amp;r=g"><article><footer class="wp-block-latest-comments__comment-meta"><span class="wp-block-latest-comments__comment-author">Terry G</span> on <a class="wp-block-latest-comments__comment-link" href="https://financialnewswire.com.au/financial-planning/shape-of-dbfo-tranche-2-visible-before-christmas/#comment-6369">Shape of DBFO Tranche 2 visible before Christmas</a><time datetime="2024-11-19T12:12:14+11:00" class="wp-block-latest-comments__comment-date">19 November 2024</time></footer><div class="wp-block-latest-comments__comment-excerpt"><p>No doubt that I'll be going into the Xmas break wondering why in the hell I bothered doing a masters&hellip;</p> </div></article></li></ol></div><div id="block-11" class="widget widget_block widget_text"> <p></p> </div><div id="block-13" class="widget widget_block"><div id="finan-1760950795"><!--noptimize--> <div id="gam_mrec_pos1_right2"> </div> <!--/noptimize--></div></div> </div><!--/sidebar--> </div><!--/row--> <div id="author-bio" class="" data-has-tags="true"> <div class="row span_12"> <div class="col span_6"> <img width="80" height="80" alt="Squizzy" class="avatar avatar-80 wp-user-avatar wp-user-avatar-80 alignnone photo nectar-lazy" data-nectar-img-src="https://financialnewswire.com.au/wp-content/uploads/Squizzy_Gravatar_130px-100x100.png"> <div id="author-info"> <h3><span></span> Squizzy </h3> <p></p></div></div> <div class="col span_6"> <div class="sharing-default-minimal" data-bottom-space="true"><div class="nectar-social default" data-position="" data-rm-love="1" data-color-override="override"><div class="nectar-social-inner"><a class="facebook-share nectar-sharing" href="#" title="Share this"> <i class="fa fa-facebook"></i> <span class="social-text">Share</span> </a><a class="twitter-share nectar-sharing" href="#" title="Tweet this"> <i class="fa fa-twitter"></i> <span class="social-text">Tweet</span> </a><a class="linkedin-share nectar-sharing" href="#" title="Share this"> <i class="fa fa-linkedin"></i> <span class="social-text">Share</span> </a></div></div></div></div> </div><!--/span_12--></div><!--/author-bio--> <div class="divider-wrap" data-alignment="default"><div style="margin-top: 12.5px; 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