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Showing 311 - 320 of 921 results for "Failing"

Adviser exam cost jumps under new bill

KARREN VERGARA  |  THURSDAY, 30 SEP 2021
... proposed changes include removing the three-month waiting period before advisers can register to take the exam again after failing. Candidates will be given the option to sit the exam flexibly either in person, virtually or via alternative arrangements. ...

Failing Asgard super option to close

JAMIE WILLIAMSON  |  WEDNESDAY, 29 SEP 2021
After failing the inaugural Your Future, Your Super performance test, Asgard Employee Super will shutter next month, with many members being transferred to BT's Retirement Wrap. Members of the fund were actually notified ahead of the performance ...

YFYS will impact advisers too

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 SEP 2021
... impact in terms of making members engage with their super and seek advice, especially those who find themselves in funds failing the performance test. "The APRA benchmarks are not ideal, you're effectively telling funds they will be marked against a ...

What will it take to get super on parental leave?

ELIZABETH MCARTHUR  |  MONDAY, 20 SEP 2021
Employers and the government are failing parents, costing mothers $1.6 billion in superannuation, according to new research from Industry Super Australia. Many employers, even large companies, still fail to pay parents parental leave - forcing them ...

Colonial First State faces penalties for MySuper conduct

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
... misleading representations about investment directions, conducting 70 calls with members similar investment directions, and failing to provide a general advice warning on 17 calls. The court also declared CFS failed to do all things necessary to ensure ...

Retail, corporate funds lack transparency on ESG votes

KARREN VERGARA  |  TUESDAY, 7 SEP 2021
... number of super funds claiming to incorporate ESG into their investment processes, the majority of super funds are still failing to support ESG proposals," he said. Eight funds supported more than 50% of ESG proposals in 2020: NGS Super (86%), Vision ...

ASIC to watch member shunting to untested super products

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
ASIC says it will be watching that super funds don't force members of failing MySuper or Choice options to their other products that don't face a performance test. The first round of the Your Future, Your Super performance only test applied to 80 MySuper ...

Time to weed out dud funds: Delaney

ELIZABETH MCARTHUR  |  THURSDAY, 2 SEP 2021
... strategy. For example, Delaney suggested some members might be in a fund with an investment approach that is too defensive - failing to maximise returns. But if performance testing just compares that to a defensive benchmark the fund could very well ...

Why are YFYS test scores a secret?

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
... she said. Association of Superannuation Funds of Australia (ASFA), which has defended the long-term performance of some failing funds, has also questioned why APRA did not provide the transparency necessary to determine why, or by what amount, a product ...

How will members respond to the YFYS test results?

KANIKA SOOD  |  WEDNESDAY, 1 SEP 2021
... receive a letter from their superannuation fund saying it failed a recent performance test. Whether or not members of failing funds will start switching when they read the letters is a key question for at least 13 funds. "It seems to me that the way ...