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Showing 41 - 50 of 170 results for "Performance test"

Hostplus defies inflation fears

ELIZABETH FRY  |  MONDAY, 28 NOV 2022
... their money in to buy the airport. And now let's say two of them have got too small a buffer vis a vis the performance test and are forced to cut back on infrastructure allocations," he says. Without the benefit of five funds contributing to the ...

Super fund reporting requirements 'a dog's breakfast'

ANDREW MCKEAN  |  THURSDAY, 24 NOV 2022
... in their best interests." Specifically, he cited that the transparency afforded by APRA's heatmaps and the performance test has been the single most powerful force in driving better member outcomes, shining a spotlight on underperformance, and giving ...

'Our fears were warranted': Chant West proposes YFYS alternative

ANDREW MCKEAN  |  THURSDAY, 24 NOV 2022
Chant West says the dire consequences of failing the Your Future, Your Super (YFYS) performance test is outweighing the rewards for passing, causing some funds to make passing the test their primary investment focus. "We are seeing clear evidence of ...

Private market investment impediments not insurmountable: Frontier

ANDREW MCKEAN  |  TUESDAY, 22 NOV 2022
... super funds haven't invested more capital into private markets because of the Your Future, Your Super (YFYS) performance test and that there are opportunities to create further investment in the sector. Specific to super, Frontier said governments could ...

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 ...

APRA proposes changes to successor fund transfers

ANDREW MCKEAN  |  FRIDAY, 11 NOV 2022
... been prompted by heightened transfer activity in the industry, which has been amplified by measures like the performance test and heatmaps. Although the regulator strongly supports further industry consolidation, APRA deputy chair Margaret Cole said ...

Don't water down YFYS: Grattan Institute

JAMIE WILLIAMSON  |  TUESDAY, 1 NOV 2022
... reforms are working as intended, leading to better outcomes for members. It said retaining the integrity of the performance test is critical. "The existing test provides a clear and transparent benchmark with defined consequences. Funds know how they ...

Members stick with dud super funds

ANDREW MCKEAN  |  FRIDAY, 21 OCT 2022
Members of funds that failed the inaugural Your Future, Your Super (YFYS) performance test aren't leaving, with new modelling showing just 10% have found a new fund. According to Industry Super Australia (ISA) analysis, only 10% of members switched ...

Nowhere has there been more change than super: Byres

ANDREW MCKEAN  |  THURSDAY, 20 OCT 2022
... members' money in their best interests." Byres cited that the transparency afforded by APRA's heatmaps and the performance test has been the single most powerful force in driving better member outcomes, shining a spotlight on underperformance ...

Choice performance test pause in members' best interests: Chant West

CASSANDRA BALDINI  |  FRIDAY, 14 OCT 2022
Chant West has welcomed the proposed pause in the Your Future Your Super (YFYS) performance test, saying it's in the best interest of super fund members. Chant West general manager Ian Fryer explained there's been several unintended consequences of ...