Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 41 - 50 of 73 results for "YFYS"

APRA to disclose MySuper product YFYS test values

JAMIE WILLIAMSON  |  THURSDAY, 4 NOV 2021
In updating its frequently asked questions (FAQs) on the Your Future, Your Super performance test, APRA has confirmed it will publish each MySuper products' test value in the December heatmap. APRA said it intends to publish the performance test ...

Aussies in the dark over super stapling

ANNABELLE DICKSON  |  MONDAY, 1 NOV 2021
The majority of Australians are unaware of the effects of the Your Future, Your Super (YFYS) reforms and could potentially be stapled to an underperforming fund for good. The YFYS stapling requirement comes into effect today and will see around one ...

No proof of member benefit: APRA on super fund spends

JAMIE WILLIAMSON  |  TUESDAY, 26 OCT 2021
... all RSE licensees should review their practices to ensure they are compliant with the strengthened obligations under the YFYS reforms, and seek appropriate advice if necessary."

EISS Super answers tough questions

ELIZABETH MCARTHUR  |  TUESDAY, 12 OCT 2021
... chair Peter Tighe about its failure of the performance test. The fund was one of 13 to fail the Your Future, Your Super (YFYS) performance test based on the performance of their MySuper options. Tighe said EISS failed the test because halfway through ...

Employers unaware of YFYS, stapling: Study

ELIZABETH MCARTHUR  |  THURSDAY, 7 OCT 2021
... School, surveyed 8355 individual fund members and 1155 employers. It found 54% of surveyed employers were not aware of the YFYS reform and stapling requirement that comes into effect on November 1. Among employers who were aware of YFYS, approximately ...

YFYS will impact advisers too

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 SEP 2021
... particularly as people get used to using the Australian Tax Office's new performance comparison tool. Parker suggested the YFYS performance test could have a positive impact in terms of making members engage with their super and seek advice, especially ...

YFYS spurs half to change asset mix

KARREN VERGARA  |  THURSDAY, 2 SEP 2021
Only half of superannuation funds will be prompted to change their investment profile as a result of the new Your Future, Your Super performance test, an Australian Institute of Superannuation Trustees survey shows. The poll, conducted at AIST's ...

Time to weed out dud funds: Delaney

ELIZABETH MCARTHUR  |  THURSDAY, 2 SEP 2021
... test for everyone. Are you giving your members a better outcome than just investing passively?" He took issue with the way YFYS is testing funds though, because the performance test takes into account what strategy is in place - but not whether that ...

Why are YFYS test scores a secret?

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
... regulator is keen on transparency, why it didn't publish the quantum by which MySuper products passed or failed the inaugural YFYS test. The test results released on Tuesday showed 13 funds failed, meaning they fell at least 50bps behind the combined ...

How YFYS test will change currency investments

ELIZABETH MCARTHUR  |  THURSDAY, 2 SEP 2021
... 15% difference during the COVID-19 induced market volatility in March 2020. This is relevant to how funds respond to the YFYS reforms, he said. "In an era of YFYS performance tests, a fund's survival may hinge on getting more out of each asset class," ...