Why are YFYS test scores a secret?BY KANIKA SOOD | THURSDAY, 2 SEP 2021 12:35PMAt the AIST's annual investment conference, APRA general manager superannuation Katrina Ellis was asked if the regulator is keen on transparency, why it didn't publish the quantum by which MySuper products passed or failed the inaugural YFYS test. Related News |
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Hugh Killen
MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
For Hugh Killen, several life lessons came from spending time on pastoral properties stretching across northern New South Wales and South-West Queensland.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
I'm happy with a simple F for those that fail, but I think we do a disservice to members of funds who just scraped through by not providing some sort of caution. I think a member of a fund that passed this year but fails next year will be pretty disappointed that they weren't given any warning that their fund was on the brink. Would a traffic light system provide more useful information?