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Showing 111 - 120 of 217 results for "Performance test"

Initial review of RIC strategies underway

JAMIE WILLIAMSON  |  THURSDAY, 4 AUG 2022
... important areas of advice and product suitability." Cole also commented on the upcoming Your Future, Your Super performance test and the next iteration of the heatmaps. On the funds that stand to fail the test for a second time this year, Cole said APRA ...

Financial product registrations up 30%

ANDREW MCKEAN  |  TUESDAY, 2 AUG 2022
... previously reported by Financial Standard, Your Future, Your Super reforms, particularly stapling and the annual performance test, have put pressure on segments of the super sector. KPMG forecasts that pressures on certain funds won't abate and consolidations ...

APRA to improve strategic planning, member outcomes rules

JAMIE WILLIAMSON  |  MONDAY, 1 AUG 2022
... the relevant RSE. In regard to monitoring member outcomes, APRA will also look to clarify the role the annual performance test and heatmaps should play. Meanwhile, on management of financial resources, APRA said last year's consultation process on strengthening ...

KPMG spotlights super's biggest challenges

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
... product performance. KPMG claimed that an uptick in supervisory intensity on product performance via the annual performance test and 'heatmap' reporting had indeed resulted in trustees improving outcomes for members through fee reductions and better ...

Consultation on faith-based products opens

JAMIE WILLIAMSON  |  THURSDAY, 21 JUL 2022
Treasury has commenced consultation on adjusting how the Your Future, Your Super performance test is applied to faith-based products, releasing draft legislation. Under the legislation, APRA would be allowed to consider the religious affiliation of ...

New guidance to improve super funds' understanding of ESG risks

JAMIE WILLIAMSON  |  TUESDAY, 19 JUL 2022
... considered. They also asked for guidance on how the tests should be framed in terms of member outcomes and connected to performance test results. APRA said some submissions also questioned whether the regulator's expectations would differ for smaller ...

Australian Ethical, Christian Super confirm merger

JAMIE WILLIAMSON  |  THURSDAY, 14 JUL 2022
... had a range of licensing conditions imposed on its licence following its failure of the Your Future, Your Super performance test. One of the conditions was that it must make plans to merge by the middle of this year. Australian Ethical said the details ...

Review of YFYS receives mixed response

ANDREW MCKEAN  |  FRIDAY, 8 JUL 2022
... tasked to examine and consider the operation of new YFYS laws. Specifically, Treasury will review whether the performance test has had any significant unintended consequences for MySuper products. Ensuing this treasury review, a pause of the test extension ...

Performance test expansion paused as government announces review

RACHEL ALEMBAKIS  |  FRIDAY, 8 JUL 2022
Treasury has halted the extension of the Your Future, Your Super (YFYS) performance test beyond MySuper products for 12 months while conducting a review of the laws. Minister for financial services Stephen Jones announced that the review will commence ...

Australian Catholic Super, UniSuper sign SFT deed

JAMIE WILLIAMSON  |  TUESDAY, 5 JUL 2022
... former's planned merger with NGS Super fell through following ACS's failure of the inaugural Your Future, Your Super performance test.