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Showing 121 - 130 of 217 results for "Performance test"

July 1 super changes: Are you ready?

CASSANDRA BALDINI  |  THURSDAY, 30 JUN 2022
... before tax or non-concessional after-tax. For institutions, July 1 sees the expansion of the annual investment performance test that was first applied to MySuper products in 2021. The test, introduced under the Your Future, Your Super reforms, has been ...

Performance test comms criticised

JAMIE WILLIAMSON  |  FRIDAY, 24 JUN 2022
ASIC is warning super trustees to ensure they communicate upcoming performance test outcomes correctly to members, saying some of the funds that failed the test last year also failed to adequately inform members. The regulator has reviewed the performance ...

APRA sheds light on YFYS Performance Test

CASSANDRA BALDINI  |  THURSDAY, 16 JUN 2022
The prudential regulator has clarified Canberra's Your Future, Your Super performance test by adding new answers to its website. The test applies from July 2021, to My Super products and from July 2022 to trustee-directed products. APRA said it ...

The first 30 years: Super's biggest changes

JAMIE WILLIAMSON  |  WEDNESDAY, 15 JUN 2022
... perspective. "Changes like those that Sam [Sicilia] mentioned, as well as subsequent ones like the heat map and performance test have created an increase in peer focus. It was always there but it is much more heightened and so is the focus on the survival ...

A mixed year for super: KPMG

ANDREW MCKEAN  |  MONDAY, 30 MAY 2022
... contributions. Looking forward, KPMG said the Your Future, Your Super legislation - in particular stapling and the annual performance test, will keep pressure on a segment of the sector. Legislative requirements will likely result in further fund consolidation ...

Super funds to reach $1tn by 2040: KPMG

ANDREW MCKEAN  |  FRIDAY, 27 MAY 2022
... APRA-regulated entities fell from 154 to 144 funds. Your Future, Your Super legislation paired with the annual performance test will continue to put pressure on a segment of the sector which will result in further consolidation, the report added. KPMG ...

Good isn't good enough for the super system: Byres

ANDREW MCKEAN  |  TUESDAY, 17 MAY 2022
... continues to be to drive out sub-standard products and practices, using a combination of the government's annual performance test, our own heatmaps, intensified supervision and when needed a more muscular approach to enforcement." Byres' rhetoric paralleled ...

ACSRF, UniSuper confirm merger

JAMIE WILLIAMSON  |  MONDAY, 16 MAY 2022
... discussions, shortly before the former was named as one of the 13 funds that failed the Your Future, Your Super performance test.

AustralianSuper, LUCRF Super agree to SFT

JAMIE WILLIAMSON  |  MONDAY, 11 APR 2022
... LUCRF Super's MySuper option was among the 13 products that failed the inaugural Your Future, Your Super performance test last year. At that point, LUCRF and AustralianSuper were already discussing the possibility of merging.

Labor vows to review YFYS test

RACHEL ALEMBAKIS  |  FRIDAY, 8 APR 2022
... shadow minister for financial services and superannuation vowed to review the Your Future, Your Super (YFYS) performance test if elected, citing "unintended and negative consequences" for ESG investing. Minister Stephen Jones spoke to the audience at ...