Australia Pensions Warned Private Assets Valued Too Infrequently.

Australia's pensions regulator, the Australian Prudential Regulation Authority (APRA), has warned that some funds in the country's A$3.9 trillion ($2.6 trillion) pension industry are not valuing assets such as private equity and property frequently enough. APRA stated that unlisted assets were not being valued "at least quarterly" as recommended, and there is room for improvement in how boards scrutinize these valuations. The regulator emphasized that inappropriate asset valuations could have a significant impact on member transactions, member equity, and reported investment returns. APRA's survey also revealed that some funds had challenged or rejected valuations given by management, particularly for external manager valuations. [Extracted from the article]