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Showing 211 - 220 of 222 results for "performance test"

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 ...

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 ...