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Showing 151 - 160 of 217 results for "Performance test"

UniSuper, Australian Catholic Super exploring merger

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 DEC 2021
... diligence and via a successor fund transfer. Also in August, ACSRF's LifeTime One MySuper product failed the APRA performance test. ACSRF chair David Hutton said: "The fund has always pursued its strategy to achieve greater scale as part of our commitment ...

APRA hones in on post-retirement products

KARREN VERGARA  |  TUESDAY, 23 NOV 2021
... said. ASIC will focus on communications made around performance by those trustees who recently failed APRA's performance test. "Where we identify misleading or deceptive conduct, we will intervene to achieve corrective disclosure or take enforcement ...

APRA moves to force EISS Super merger

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... matters, the regulator said. It also follows the fund's failure of the inaugural Your Future, Your Super performance test. Under the conditions, EISS Super must implement a strategy to merge with a larger fund by 30 June 2022. It must also adopt ...

BT confirms changes to super business

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... and its ASGARD Employee Super were among the 13 MySuper products to fail the inaugural Your Future, Your Super performance test. About a month later Financial Standard was first to report the Asgard option would close, with many members being transferred ...

Test-induced movement marginal: Data

JAMIE WILLIAMSON  |  WEDNESDAY, 10 NOV 2021
Only a handful of Aussies whose super fund failed the inaugural performance test have taken action and closed their accounts, according to APRA. Analysis by the prudential regulator shows that of the one million member accounts in products that failed ...

AustralianSuper, LUCRF push ahead on merger

ELIZABETH MCARTHUR  |  MONDAY, 8 NOV 2021
... retirement," Schroder said. LUCRF's MySuper option was among the 13 funds that failed the Your Future, Your Super performance test in August. The fund confirmed it was exploring a merger with AustralianSuper in July, signing a Memorandum of Understanding. ...

APRA to disclose MySuper product YFYS test values

JAMIE WILLIAMSON  |  THURSDAY, 4 NOV 2021
In updating its frequently asked questions (FAQs) on the Your Future, Your Super performance test, APRA has confirmed it will publish each MySuper products' test value in the December heatmap. APRA said it intends to publish the performance test ...

AMG Super launches platform, product

KARREN VERGARA  |  TUESDAY, 2 NOV 2021
... consolidating off-platform assets," he said. AMG's MySuper product was one of 13 funds that failed APRA's inaugural performance test. It joined the likes of ASGARD Employee MySuper, Australian Catholic Superannuation and Retirement Fund's LifeTime ...

Aussies in the dark over super stapling

ANNABELLE DICKSON  |  MONDAY, 1 NOV 2021
... effect today and will see around one million members tied to a superannuation fund that has failed APRA's performance test. A UMR survey of 1120 respondents found that just 20% knew about the changes or what could happen to them if they don't ...

Colonial First State seeks MySuper redemption

ANNABELLE DICKSON  |  TUESDAY, 19 OCT 2021
After failing to meet APRA's inaugural performance test, Colonial First State (CFS) has appointed BlackRock to run strategies across its two MySuper funds. BlackRock won the mandate to provide investment services to CFS' FirstChoice Employer Super (FCES) ...