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Showing 211 - 217 of 217 results for "Performance Test"

New heatmap shames trustees

KARREN VERGARA  |  FRIDAY, 18 DEC 2020
... methodology. Rowell warned underperformers to get their act together and not wait for the Your Future, Your Super's performance test to take hold to improve their products. APRA will keep the pressure on these trustees to rectify fee and performance ...

ISA ramps up campaign against super reforms

ELIZA BAVIN  |  MONDAY, 14 DEC 2020
Industry Super Australia (ISA) has significantly ramped up its campaign against the Morrison government's Your Future, Your Super reforms package saying it will only serve to help dud funds. ISA said the reforms package will benefit the big banks and ...

Your Future, Your Super reforms closer to legislation

KARREN VERGARA  |  FRIDAY, 27 NOV 2020
... later sitting) Bill 2020: Addressing 5 underperformance in superannuation will subject MySuper funds to an annual performance test graded against a designated benchmark. Products that fail an annual performance test must notify members. Two consecutive ...

Super industry cautious on more reform

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
The financial services industry and business community in Australia has responded in a generally positive manner to the government's 2020-2021 budget, but the super sector is so far cautious in its response. Australian Institute of Superannuation Trustees ...

MySuper funds face new test, member bans

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
... will be classified as underperforming. For MySuper products that were in place from 1 July 2014, their first performance test will be based on seven years of performance data. On an ongoing basis the test will apply over an eight year period." Underperforming ...

Government declares record deficit, super reforms

JAMIE WILLIAMSON  |  TUESDAY, 6 OCT 2020
... underperforming. Non-MySuper products will be added from July 2022. "Superannuation funds will be required to meet an annual performance test under the guidance of the prudential regulator," Frydenberg said. "Poor performing funds will have nowhere to ...

Challenger FP revs up Synergy

MICHAEL HOBBS  |  MONDAY, 24 SEP 2007
Challenger's financial planning arm has invested in additional hardware and software to increase the processing power of its platform business, Synergy Capital Management, by up to ten times To be completed in June 2008, new hardware has been installed ...