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Showing 171 - 180 of 221 results for "performance test"

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 ...

ETFs hit $125bn milestone

KARREN VERGARA  |  THURSDAY, 9 SEP 2021
Australia's exchange-traded fund sector reached another milestone, hitting $125 billion in August. Equity ETFs continue to dominate inflows, representing the majority (85%) of total flows for the month. International equity ETFs had over $1.4 billion ...

Colonial First State faces penalties for MySuper conduct

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
... months. CFS's MySuper product FirstChoice was recently named among the 13 funds that failed APRA's first performance test for MySuper members. On the day CFS was slated to receive the results (and a day before APRA posted the results more widely) ...

Gauging the Future Fund's MySuper potential

JAMIE WILLIAMSON  |  MONDAY, 6 SEP 2021
... regulated would also be fascinating to see unfold," he said. "For example, would it also be subject to the APRA performance test?"

NGS Super hikes fees

KANIKA SOOD  |  FRIDAY, 3 SEP 2021
... two funds said they have decided to not merge. At the time both funds said they had not yet received their APRA performance test results, which the regulator posted to funds on August 30. In the final results, NGS passed but ACSRF failed. "Following ...

ASIC to watch member shunting to untested super products

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
... super funds don't force members of failing MySuper or Choice options to their other products that don't face a performance test. The first round of the Your Future, Your Super performance only test applied to 80 MySuper products, out of the thousands ...

YFYS spurs half to change asset mix

KARREN VERGARA  |  THURSDAY, 2 SEP 2021
... superannuation funds will be prompted to change their investment profile as a result of the new Your Future, Your Super performance test, an Australian Institute of Superannuation Trustees survey shows. The poll, conducted at AIST's annual ASI Conference ...