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Showing 161 - 170 of 217 results for "Performance Test"

TWUSUPER cans merger plans

JAMIE WILLIAMSON  |  THURSDAY, 14 OCT 2021
... merger has been in question for some weeks as EISS Super battles media scrutiny following its failure of the APRA performance test in August. In recent weeks, EISS Super has been accused of partaking in dodgy sponsorship deals, frivolous spending and ...

EISS Super answers tough questions

ELIZABETH MCARTHUR  |  TUESDAY, 12 OCT 2021
After a period of media scrutiny following its failure of the inaugural APRA performance test, EISS Super has faced a parliamentary committee, facing tough questions over the test result and its sponsorship deals. Liberal MP Jason Falinski led the questioning ...

OnePath tops Fat Cat super fund list

KARREN VERGARA  |  FRIDAY, 8 OCT 2021
... super funds were able to beat the index fund with similar risk (after fees and taxes)." APRA's inaugural performance test revealed that AMG's MySuper option failed to meet its standards, together with offerings by EISS Super, BT Super and CFS ...

Failing Asgard super option to close

JAMIE WILLIAMSON  |  WEDNESDAY, 29 SEP 2021
After failing the inaugural Your Future, Your Super performance test, Asgard Employee Super will shutter next month, with many members being transferred to BT's Retirement Wrap. Members of the fund were actually notified ahead of the performance ...

YFYS will impact advisers too

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 SEP 2021
... people get used to using the Australian Tax Office's new performance comparison tool. Parker suggested the YFYS performance test could have a positive impact in terms of making members engage with their super and seek advice, especially those who find ...

More departures at EISS Super

JAMIE WILLIAMSON  |  MONDAY, 20 SEP 2021
... changes follow the departure of the fund's chief executive Alex Hutchison following failure of the inaugural APRA performance test and media reports of frivolous spending and poor culture at the fund. In the days that followed Hutchison defended his ...

Former super fund chief defends tenure

JAMIE WILLIAMSON  |  THURSDAY, 16 SEP 2021
... out about his decision to depart the fund in the wake of media scrutiny and the fund's failure of the APRA performance test. Alex Hutchison resigned as chief executive of EISS Super on September 9 with immediate effect. In the days leading up to ...

CFS reduces premiums

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 SEP 2021
... Bank and KKR in partnership. FirstChoice was one of the 13 MySuper products to fail the Your Future, Your Super performance test. Ahead of the results, it also moved to cut its administration fees significantly, dropping from a flat fee of $60 a year ...

EISS Super chief executive exits

KANIKA SOOD  |  FRIDAY, 10 SEP 2021
EISS Super chief executive Alex Hutchison has resigned, after the fund failed the performance test and during its planned merger with TWUSUPER. Hutchison resigned yesterday and requested it be effective immediately. EISS Super chief financial officer ...

APRA intensifies scrutiny of underperformers

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
The prudential regulator is cracking down further on the superannuation funds that failed the performance test, chair Wayne Byres warned this morning. Last week, APRA named 13 super funds that failed its inaugural performance test. The House of Representatives ...