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

Search Results

Showing 201 - 210 of 222 results for "performance test"

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 ...

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.