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Showing 191 - 200 of 217 results for "Performance test"

Benchmarks for super property investments selected

ELIZABETH MCARTHUR  |  MONDAY, 9 AUG 2021
... Quarterly Private Infrastructure Fund Index (Unfrozen) have been selected by the Australian government as the performance test benchmarks. The index provider welcomed news that two of its indexes had been selected. It noted that as super funds increasingly ...

Final YFYS regulations out, government "backflips" on admin fees

KANIKA SOOD  |  MONDAY, 9 AUG 2021
... fund to be only tested on last year's administration fees instead of eight years' average in the APRA performance test. The last minute changes to the Your Future, Your Super regulation included the shorter time-horizon for administration fees ...

Government releases final YFYS regulations

KANIKA SOOD  |  FRIDAY, 6 AUG 2021
... members' meetings, and further strengthening of prohibition on funds offering inducements to employers. "The final performance test methodology will see the administration fee component of the test based on the administration fee charged by the product ...

First YFYS performance test results weeks away

KANIKA SOOD  |  MONDAY, 2 AUG 2021
Superannuation funds can expect their results in the first performance test by August 31 under the new Your Future, Your Super reforms, according to an APRA letter sent Friday. The first round covers MySuper products alone. Trustee-directed products ...

Funds will fail YFYS test multiple times: Parametric

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUL 2021
... latest researcher to run the numbers says as many as 20% of super funds could fail the Your Future, Your Super performance test in any given year, with a strong likelihood they'll fail again in the years to follow. According to Parametric modelling ...

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 ...

Industry mixed on YFYS

ANNABELLE DICKSON  |  FRIDAY, 18 JUN 2021
... not deliver on its objectives. The AIST is concerned that one third of super savings will not be subject to the performance test. "AIST remains deeply concerned that these legislative carve outs provide incentives to unscrupulous providers to push high ...

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 ...

Concern for consumers ahead of YFYS

ELIZABETH MCARTHUR  |  MONDAY, 7 JUN 2021
... superannuation practice committee Tim Jenkins said asset allocation is disregarded in the test. "As a result, the proposed performance test leads to some concerning results, including an investment option with top quartile net returns potentially failing ...

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 ...