Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 201 - 210 of 217 results for "Performance Test"

Budget no cure for hangover from last one

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
... the view that the Your Future, Your Super policy changes are not in the best interests of super members. The performance test relating to trustee-directed products will not apply to up to 40% of the super savings (FUM) in Choice products. If funds fail ...

YFYS incentive to reduce fees: Hume

ANNABELLE DICKSON  |  THURSDAY, 13 MAY 2021
... noted the decision to include administration fees followed widespread industry consultation to strengthen the performance test. She said Treasury analysis of last year's APRA data estimated that there are around 21 products that were considered underperforming ...

Labor won't support YFYS Bill in current form

KANIKA SOOD  |  FRIDAY, 30 APR 2021
Labor senators' dissenting report on Your Future, Your Super reforms published yesterday says the opposition can't recommend the Bill passes in its current form for reasons including its rushed start date. Senate Economics Legislation released ...

Draft regulation on YFYS released

KANIKA SOOD  |  WEDNESDAY, 28 APR 2021
... unlisted property as specific asset classes in the performance tests. "This will improve the accuracy of the performance test; strengthen the focus of the test on investment outcomes delivered to members; and ensure that Australian superannuation funds ...

AustralianSuper subverts stapling logic

KARREN VERGARA  |  FRIDAY, 9 APR 2021
... called for all APRA-regulated superannuation products to be subject to performance benchmarking and the annual performance test - not just MySuper products.

Mercer calls for delay to super reforms

JAMIE WILLIAMSON  |  THURSDAY, 8 APR 2021
... can be made more efficient and we can eliminate that two-step process," Knox said. In discussing the impending performance test, as further reason for delay Knox highlighted that a consultation period on draft legislation is still yet to occur, saying ...

MySuper fees could halve in 10 years

KANIKA SOOD  |  THURSDAY, 1 APR 2021
... p.a. in median fees to 0.5% p.a. over the next decade. "But this timeline could shorten if the APRA super fund performance test pushes more funds to put more of their assets into lower cost indexed investments..." Dunnin said. He said a quarter of MySuper ...

QSuper pokes holes in YFYS legislation

KANIKA SOOD  |  FRIDAY, 26 MAR 2021
QSuper says the Your Future, Your Super bill's proposals may result in higher operational costs at superannuation funds and delays in decision-making, alongside less talent for their boards. In its submission to the YFYS consultation, the industry ...

FSC defends retail super funds

ELIZA BAVIN  |  MONDAY, 22 MAR 2021
The Financial Services Council has hit back at claims made by Industry Super Australia that retail super funds rort members out of billions of dollars. ISA made the statement back in December last year when responding to the Morrison government's announcement ...

Rice Warner weighs in on Your Future, Your Super

KARREN VERGARA  |  THURSDAY, 14 JAN 2021
... breach anti-hawking legislation. Rice Warner suggested trustees be exempt from such regulation given that the performance test will weed out underperformers with little risk that potential new members will end up in underperforming funds. Rice Warner ...