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Showing 21 - 30 of 64 results for "Super Performance Test"

Super performance test consultation opens

KARREN VERGARA  |  WEDNESDAY, 5 APR 2023
Assistant treasurer Stephen Jones has opened consultations that aim to make the superannuation performance test more accurate by updating the benchmarks and extending the testing period. These are among the proposed changes to the Your Future, Your ...

Super heatmap findings garner mixed responses

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
Industry groups, consultants and research houses have reacted to findings about Australia's best and worst performing super funds. APRA heatmaps for MySuper products were released yesterday, exposing many sub-par products, but some in the industry ...

YFYS manipulation leaves members worse off: ISA

ANDREW MCKEAN  |  WEDNESDAY, 16 NOV 2022
Industry Super Australia (ISA) says the Your Future, Your Super performance test results show many poor performing super funds, particularly retail, have gamed the system, leaving members worse off. "Dud super funds manipulate fees and reclassify investment ...

Members stick with dud super funds

ANDREW MCKEAN  |  FRIDAY, 21 OCT 2022
... Meanwhile, new research from Super Consumers Australia (SCA) has found that products which failed the annual super performance test have on average cut their fees by 20%. SCA argued that the performance test is protecting Australians from poorly performing ...

AMG Super to rebrand

JAMIE WILLIAMSON  |  MONDAY, 19 SEP 2022
... month, AMG Super's MySuper product was closed to new members. While it did fail the Your Future, Your Super performance test for the second year running, and a forced closure of the option to new members would have been a consequence of that, AMG ...

Active Super reaffirms commitment to regional members

JAMIE WILLIAMSON  |  FRIDAY, 2 SEP 2022
... Stockwell said Active Super's potential for growth is strong. It recently passed the Your Future, Your Super performance test and now ranks third on the ATO's YourSuper comparison tool for a 30-year-old with a $50,000 balance. "It's great ...

Four MySuper products fail for second time: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
Five MySuper products have failed the second annual MySuper performance test, with four of them failing for a second time. The product that failed this year's performance test for the first time is Westpac Group Plan MySuper. Westpac must now identify ...

The unintended consequences of the performance test

JAMIE WILLIAMSON  |  TUESDAY, 30 AUG 2022
While the annual Your Future, Your Super performance test is focused on stamping out underperformance, its impact on industry consolidation is likely already shifting, according to KPMG. The results of the second annual performance test are expected ...

APRA releases annual corporate plan

CASSANDRA BALDINI  |  MONDAY, 8 AUG 2022
... poor performing products, and scrutinising Choice products. It aims to do this with the Your Future, Your Super performance test and continuing to publish its MySuper and Choice heatmaps to support improved transparency, accountability and decision-making. ...

Initial review of RIC strategies underway

JAMIE WILLIAMSON  |  THURSDAY, 4 AUG 2022
... important areas of advice and product suitability." Cole also commented on the upcoming Your Future, Your Super performance test and the next iteration of the heatmaps. On the funds that stand to fail the test for a second time this year, Cole said APRA ...