- 20th Anniversary of APRA’s Unit Pricing: Guide to Good Practice – Is It Still Relevant?
- The Impact of Inflation and Market Volatility on Unit Pricing
- The proposed tax on large super balances
- Valuation of unlisted assets for unit pricing
- Unlisted assets and unit pricing
- Unit pricing error remediation
- Automated unit pricing solutions
- Unit pricing controls and automation
- Regulatory Updates and Their Implications for Superannuation Funds
- Building a unit pricing control framework from scratch
- Principles of value attribution for Unit pricing and Crediting rates – Business as Usual and Compensation
- Are Unit Pricing policies always all they seem?
- The unit pricing structure adopted by superannuation fund
- Should we be challenging the old order of unit pricing. Is everything as stable as we might be led to believe?
- Significant cash flows and backdating
- Insights into a service provider’s control framework
- Sustainability and ESG (Environmental, Social, and Governance) Considerations in Unit Pricing
- Data Integrity and Accuracy in Unit Pricing
Early Invited Speakers include:
speakers of the Annual UP 2025 - Unit Pricing 2025 Forum.
Senior Manager, Investment Accounting and Operations, Funds SA
Head of Fund Operations at Generation Life
Managing Partner at Legal & Prudential Advisors
Global Advisory Board Member, Castle Hall
Country Manager, Financial Risk Solutions (FRS) Ltd
Former Program Manager, Active Super
Managing Director McGing Advisory & Actuarial
Managing Director at IFX
Partner-Superannuation and Investment Consulting, PricewaterhouseCoopers
Senior Fund Accountant at Funds SA
Principal Consultant, Novigi
Associate Director - NSW, Kaizen Recruitment
Partner Financial Services, Ernst & Young
Associate Director – Unit Pricing – Asset Servicing, National Australia Bank Limited
Actuarial Consultant at McGing Advisory & Actuarial
Principal | Investment & Superannuation Advisory | Actuarial, Deloitte
Manager, EY
Actuarial Manager at EY
Chief Operating Officer at BetaShares
Head of Operations, Roc Partners
Operations Manager at Citco Fund Services
Director and Co-Founder, CoData Solutions
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Learn schedule, program and topics of the Annual UP 2025 - Unit Pricing 2025 Forum.
KYLE RINGROSE
Principal at Athena IOC
• Why today is different
• Regulatory changes
• Unit pricing risk management enhancements
• Automation improvements
• Why things haven’t always changed for the better
MICHAEL BERG
Principal | Investment & Superannuation Advisory | Actuarial, Deloitte
• Unit pricing complexity – the cycle, multiple inputs, timing
• What are the risks?
• Operational
• Financial
• Strategic
• Legal & Regulatory
• Managing these risks
• Reducing risk by learning and improving
SEAN MCGING
Managing Director, McGing Advisory & Actuarial
• Managing Unit Pricing in Volatile Markets Inflation’s Effect on Asset Valuations and Member Outcomes
• Inflation’s Effect on Asset Valuations and Member Outcomes
• Governance, Risk, and Operational Challenges
PANEL MEMBERS:
MICHAEL BERG
Principal, Investment & Superannuation Advisory Actuarial, Deloitte
SEAN MCGING
Managing Director, McGing Advisory & Actuarial
11:00 MORNING COFFEE & NETWORKING
• What the regulators are saying
• The issue with Net Present Value
• Inconsistencies between valuations of identical assets
• Price discovery
• Potential conflicts of interest
• The issues with periodic valuations in a daily unit pricing environment
KYLE RINGROSE
Principal Consultant Athena IOC
• Investments in unlisted assets by global pension funds
• Are unlisted assets better suited to Defined Benefit rather than Defined Contribution super funds
• The need for investments in unlisted assets
• Comparing retail and industry fund asset allocations and unit pricing
• The issues with daily unit pricing and unlisted assets
MODERATOR:
NARESH SUBRAMANIAM
Partner-Superannuation and Investment Consulting, PricewaterhouseCoopers
PANEL MEMBERS:
MATTHEW BAYNES
Senior Manager, Investment Accounting And Operations, Funds SA
DAVID MILLAR
Partner Financial Services, Ernst & Young
MICHAEL BERG
Principal | Investment & Superannuation Advisory | Actuarial, Deloitte
Speakers:
MATTHEW BAYNESSenior Manager, Investment Accounting and Operations, Funds SA
NARESH SUBRAMANIAMPartner-Superannuation and Investment Consulting, PricewaterhouseCoopers
David MillarPartner Financial Services, Ernst & Young
Michael BergPrincipal | Investment & Superannuation Advisory | Actuarial, Deloitte
• Common causes of unit pricing errors
• Key elements in an error rectification plan
• Defining what is and what is not an error
• Managing reputation risk
• Why a unit pricing error may be just the tip of the iceberg
THOMAS MCCUTCHEON
Manager, EY
WINONA HUANG
Actuarial Manager at EY
12:40 LUNCH BREAK
• The potential issues with a “black box” solution
• How automation can add integrity
• Would intra day unit pricing introduce additional risks?
• The case for continued manual checks and controls
MODERATOR:
SÉAMUS Ó CONCHEANAINN
Managing Director at IFX
PANEL MEMBERS:
MATTHEW BAYNES
Senior Manager, Investment Accounting And Operations, Funds SA
KATHY TAYLOR-HOFMANN
Principal Consultant, Novigi
LISA BATES
Head of Fund Operations at Generation Life
DEBBIE BENNETT
Chief Operating Officer at BetaShares
15:10 AFTERNOON TEA
Unit registries are core infrastructure in managed funds, shaping investor experience, compliance, and operational efficiency. Market consolidation, product innovation, and multi-channel distribution are redefining the role and expectations of registry providers. Strategic choices around governance, outsourcing, and technology will determine whether registries become a growth enabler or a constraint.
• Registry as core infrastructure – build vs buy decisions driven by governance and CX priorities
• Distribution shift – ETFs, Active ETFs, SMAs now mainstream, requiring multi-channel registry support
• Provider consolidation – fewer registries, larger scale, more concentration risk
• mFund wind-down – holdings moving to issuer-sponsored, AML/KYC implications for investors
• Operational readiness – registry change playbooks, data quality, and incident management are essential
ALAN ARTYUN
Director and Co-Founder, CoData Solutions
• How far have we come in unit pricing?
• Are we managing complexity well or is complexity getting the better of us?
• Is the valuation of unlisted assets as big a problem as the regulators think it is?
• Are commonly used unit pricing remediation policies and procedures appropriate in all circumstances?
• How close are we to fully automated unit pricing?
MODERATOR:
KYLE RINGROSE
Principal Consultant, Athena IOC
5:00 - 6:00 1 Hour Networking Drinks
KYLE RINGROSE
Principal at Athena IOC
• The objectives of a unit pricing process review
• What is involved in a unit pricing process review
• Useful findings - issues and recommendations from past unit pricing reviews
Theme will be for audience members from funds that use unit pricing to:
- consider the merits of a unit pricing process review; and
- reflect on whether the issues and recommendations shared in the presentation could apply to their funds.
DANIEL BARTLETT
Actuarial Consultant at McGing Advisory & Actuarial
AMIT GADE
Associate Director – Unit Pricing – Asset Servicing, NAB
• Examples of advanced automation in unit pricing
• How controls can be enhanced with an automated solution
• Integrating the unit pricing system with the investment and registry systems
CIAN O'DRISCOLL
Country Manager, Financial Risk Solutions (FRS) Ltd
• Do we really need to strike so many unit prices with such high frequency?
• Is the industry offering too many unitised products
• The case for daily or less frequent pricing
• Unit pricing issues as the superannuation industry evolves from wealth accumulation into income paying products
PANEL MEMBERS:
KYLE RINGROSE
Principal Consultant, Athena IOC
STUART HILL
Former Program Manager, Active Super
• Tenets of Valuation Diligence
• Service Provider DD – The Administrator
• Private Asset Valuations: See no evil.
• Tariffs: A Valuation Case Study.
ALEX WISE
Global Advisory Board Member, Castle Hall
12:30 LUNCH BREAK
• How large cash flows can impact unit pricing
• Alternative policies to deal with large cash flows
• The pros and cons of using member reserves to correct unit prices
• Why backdating will always be an issue
• How to minimise the impacts of backdating with appropriate policies
MODERATOR:
DARRAGH CLEARY
Associate Director - NSW, Kaizen Recruitment
PANEL MEMBERS:
ANDREW STANWELL
Head of Operations, Roc Partners
HARRY OOI
Operations Manager at Citco Fund Services
• A new Parliament
• Accounting for sustainability
• APRA, ASIC, ATO priorities and agenda
JONATHAN STEFFANONI
Managing Partner, Legal & Prudential
14:30 AFTERNOON TEA
• Importance of data accuracy in pricing and valuations
• Building robust controls to ensure data integrity in pricing calculations
• Using data analytics to prevent discrepancies in unit pricing
• Data Analytics and Insights for Unit Pricing Optimization
PANEL MEMBERS:
KIRSTEN GILES
Senior Fund Accountant at Funds SA
DANIEL BARTLETT
Actuarial Analyst at McGing Advisory & Actuarial
Other Panel Members TBA
Closing Remarks from the chair
Afternoon tea served
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August 25, 2025
