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Showing 151 - 160 of 214 results for "Your Future"

How likely is a super fund to fail YFYS test?

JAMIE WILLIAMSON  |  WEDNESDAY, 7 JUL 2021
The average super fund has a 10-15% chance of failing the Your Future, Your Super performance test in any given eight-year period, but some may need to dive a little deeper to determine how at-risk they are, Willis Towers Watson says. Following analysis ...

Catholic, Equip SFT to see Fairley exit

JAMIE WILLIAMSON  |  FRIDAY, 18 JUN 2021
... over $50 billion," he said. "There are a lot of underperforming funds, no question... I think with the Your Super, Your Future legislation passing, there's going to be a much greater focus on this. The letter you have to write to members after two ...

Industry mixed on YFYS

ANNABELLE DICKSON  |  FRIDAY, 18 JUN 2021
Industry bodies have varied responses to the passing of the Your Future, Your Super reforms with some saying it will lead to worse outcomes for members. The Your Future, Your Super reforms were passed in the Senate yesterday with an amendment that will ...

Your Future, Your Super passes

ELIZABETH MCARTHUR  |  THURSDAY, 17 JUN 2021
The Your Future, Your Super reforms were passed in the Senate today. One Nation and Jackie Lambie voted with the government in favour of the bill, while Labor and the Greens objected to it. However, an amendment was passed which will delay benchmarking ...

More super tax concessions on table

ELIZABETH MCARTHUR  |  THURSDAY, 17 JUN 2021
... to be passed into law. Meanwhile, another controversial piece of super legislation is to be debated this week - the Your Future, Your Super reforms. Industry Super Australia (ISA) today reiterated its concerns that the new laws could trap Australians ...

Concern for consumers ahead of YFYS

ELIZABETH MCARTHUR  |  MONDAY, 7 JUN 2021
After the Your Future, Your Super reforms were passed in the House of Representatives lawyers have expressed concern consumers may not understand the impact of the changes. Law firm Slater and Gordon warned that Australians could end up with less insurance ...

YFYS on its way to Senate

KANIKA SOOD  |  FRIDAY, 4 JUN 2021
The House of Representatives passed hotly-debated Your Future, Your Super bill last night, with Labor getting away with just one of the amendments on its wish list. Best Financial Interest Duty's proposal to give ministers the power to ban superannuation ...

ECPI draft legislation released

ANNABELLE DICKSON  |  MONDAY, 24 MAY 2021
... submissions on the consultation are open until June 18. It comes after the government released the draft legislation for the Your Future, Your Super reforms late last month. This included administration fees on the performance benchmark for funds also ...

Labor to push for YFYS stapling amendments

KANIKA SOOD  |  WEDNESDAY, 19 MAY 2021
Stapling is expected to be the thorn in the Liberals' side when the Your Future, Your Super bill hits parliament next week, as shadow treasurer Stephen Jones digs his heels in on the start date and exclusions for members in hazardous occupations. ...

Budget no cure for hangover from last one

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
... "Let's talk about last year's budget though, because we're still dealing with it," Birks said, referring to the Your Future, Your Super changes introduced in the FY 21 budget. These changes are yet to be passed into law. "We had Parliament ...