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Showing 181 - 190 of 217 results for "Performance Test"

YFYS test results not a fair representation: Frontier

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 SEP 2021
Frontier is concerned the APRA performance test does not adequately assess acceptable performance, given several of the funds that were failed actually perform better than others that passed. The asset consultant, which advises on $490 billion, said ...

Greater scrutiny of choice products needed: Scheerlinck

JAMIE WILLIAMSON  |  TUESDAY, 31 AUG 2021
On the opening day of its annual ASI Conference, and in light of the APRA performance test results, the Australian Institute of Superannuation Trustees' Eva Scheerlinck has expressed concern about the number of Australians that remain unaware their ...

CFS drops admin fees on FirstChoice Employer Super

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
... Superannuation Trust is named as one of the 13 MySuper products that failed the inaugural Your Future, Your Super performance test. "Despite the strength of our recent investment performance and having very competitive fees, our FirstChoice Employer ...

Results out: 13 funds fail YFYS performance test

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
... FirstChoice, BT Super and Christian Super are among the 13 superannuation funds that failed APRA's inaugural performance test. In all, APRA tested 76 MySuper products in this round, of which 13 failed. This represents a pass rate of 84%. The full ...

Consumer group slams super self-assessments

ELIZABETH MCARTHUR  |  MONDAY, 30 AUG 2021
... members' best interests over the 2020 financial year. But 41% of the funds in question will likely fail the new APRA performance test due to high fees and poor returns. The research found 17 out of the 42 funds were likely to fail the upcoming performance ...

Maritime Super criticises unfair YFYS test

JAMIE WILLIAMSON  |  MONDAY, 30 AUG 2021
Ahead of the results of the inaugural Your Future, Your Super performance test, the chief executive of Maritime Super has aired concerns over the implications of communicating with members where their fund has underperformed, particularly where that ...

Retail funds to benefit from YFYS test changes

KANIKA SOOD  |  FRIDAY, 27 AUG 2021
... last-minute change to administration fee treatment in YFYS performance tests, says Industry Super Australia. The new performance test set under the Your Future, Your Super legislation is due to hand out its results to superannuation funds on August 30. ...

NGS, ACSRF shelve merger plans

KANIKA SOOD  |  WEDNESDAY, 25 AUG 2021
... LifetimeOne LifetimeStart has three-year returns of 8.1% p.a. Both funds indicated they had not yet received their APRA performance test results, which the regulator is to finalise by August 30 "Following much discussion and due diligence, coinciding ...

Superannuation assets hit $3.3tn

KANIKA SOOD  |  WEDNESDAY, 25 AUG 2021
... the Quarterly MySuper Statistics for the June 2021 quarter on August 31, along with the Your Future, Your Super Performance test publication.

APRA issues guidance on lifecycle products for performance test

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
APRA has issued guidance on how it will administer the Your Future, Your Super performance test for lifecycle MySuper options that make changes within the option or transition to a new option. The regulator has the power to make determinations on combining ...