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Showing 141 - 150 of 217 results for "Performance Test"

Smart default fund to boost retirement incomes

CHLOE WALKER  |  MONDAY, 10 JAN 2022
... member's own projected retirement outcomes. Last year, 13 super funds were found to have failed the government's performance test. Since then, the Australian Prudential Regulation Authority has released the of all the funds it assessed showing another ...

One million visits to YourSuper comparison tool

ELIZABETH MCARTHUR  |  FRIDAY, 7 JAN 2022
... million hits since it was released in July. Thirteen MySuper products failed the government's new bright line performance test covering one million member accounts." However, APRA numbers from November 2021 suggest member movement due to the new Your ...

EISS Super finds merger partner in Cbus

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... the news broke of its questionable expenditures and poor culture within the fund following its failure of the performance test, the plans were dropped. EISS Super chair Peter Tighe said discussions so far and the presentation delivered by Cbus as part ...

MySuper heatmap offers few surprises

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... returns below benchmark this year but there are few surprises, with most being the same products that failed the performance test. The regulator has also shared which funds came close to failing the test. Released yesterday, the heatmap shows it is largely ...

What you read in 2021

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... were on the changing nature of the superannuation sector. Industry consolidation and the Your Future, Your Super performance test underscore the majority of this year's biggest stories, while the departures of some of the super industry's most ...

ISA releases pre-election wish list

CHLOE WALKER  |  TUESDAY, 14 DEC 2021
... performance on all fees and products; banning workers from being stapled to a fund that does not pass the annual performance test; legislating super's objective of generating income to provide workers with a dignified life in retirement; maintaining ...

BT cuts super fees by $20m

ELIZABETH MCARTHUR  |  MONDAY, 13 DEC 2021
... and its ASGARD Employee Super were among the 13 MySuper products to fail the inaugural Your Future, Your Super performance test. Since then, the ASGARD option has been closed and members transferred over to another BT Super product.

Industry super funds launch fresh campaign

JAMIE WILLIAMSON  |  FRIDAY, 10 DEC 2021
... could cost them six figures from their final retirement savings." It also follows the Your Future, Your Super performance test which two of the collective's funds failed. Industry Super Australia decided these funds would no longer be able to carry ...

APRA tells Christian Super to merge

JAMIE WILLIAMSON  |  TUESDAY, 7 DEC 2021
... address the fund's persistent underperformance, APRA said, which resulted in its failure of the inaugural performance test. According to Rainmaker data, Christian Super's MySuper option achieved 18.9% in the year to October 31, ranking 23rd overall. ...

AvSuper hunts merger partner, launches EOI process

CHLOE WALKER  |  FRIDAY, 3 DEC 2021
... so. The launch of an Expression of Interest process comes after AvSuper's MySuper option failed the inaugural performance test in August, forcing the fund to consider its future. "For more than 30 years AvSuper has remained committed to giving its members ...