Opening Remarks From The Chair

• New risks that have emerged
• How effective risk mitigation strategies have been
• Should unit pricing policies be designed to cover Black Swan events – the trade off between cost and comprehensive risk mitigation
• Examples of policies that may have proved deficient
• The perils of daily unit pricing
• How unit pricing policy and practice may change going forward

• What we mean by “concentration risk”. Is concentration risk focused only on investment assets or should it include member liabilities
• The conflict between long term investment strategies and short-term liquidity issues
• The roles of the CIO, the CRO and the Board in managing
  liquidity and concentration risk
• The role of the RBA in supporting liquidity risk
• The issues with using the large default option as a
  “banker” for managing liquidity risk

• Where might the next “left field” risk come from
• How superannuation funds might prepare for the unknowns
• Insights into unexpected risks emerging over recent times
• Are larger funds better able to manage unexpected risks than smaller and perhaps more nimble smaller funds

LUNCH BREAK

• Why superannuation funds can be soft targets for fraud
• How changes to superannuation legislation can increase the risk of fraud
• Common examples of fraud experienced during the ERS
  implementation
• Practical ways to mitigate fraud risk
• Cyber fraud opportunities when working from home

• Are superannuation fund risks overstated or are they not taken seriously enough?
• Reflections on the risk governance framework emerging from the ASIC investigation of Westpac. How superannuation funds can learn from the Westpac risk governance framework
• Would more superannuation fund mergers lead to reduced long-term risk or would it increase short term risks?
• Is the risk of unit pricing errors in a Black Swan event
  being given sufficient attention?
• Will/should the industry ever consider moving away from daily unit pricing?
• Less obvious risks emerging with investments in unlisted assets

Closing remarks from the chair