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Showing 71 - 80 of 217 results for "Performance test"

Jones calls for taxonomy to clarify greenwashing

RACHEL ALEMBAKIS  |  WEDNESDAY, 3 MAY 2023
... put the work into the taxonomy." Jones also indicated that government is reviewing the Your Future, Your Super performance test to ensure long-term goals like the government's net zero target and other issues like biodiversity and just transition ...

YFYS sanctions don't help existing members: ISA

CHLOE WALKER  |  THURSDAY, 27 APR 2023
... administration fees. "Yet the government recently decided to carve out of historical administration fees from the YFYS performance test, which hides the product's true performance and opens the test to manipulation," it argued. In early April, the government ...

APRA consults on approach to combining product histories

JAMIE WILLIAMSON  |  THURSDAY, 20 APR 2023
... MySuper products for which performance histories are required to be combined for the YFYS test. Currently, the performance test involves two situations where performance may need to be combined, being within-product changes and across-product changes. ...

Super fund selection driven by fees: SCA

ANDREW MCKEAN  |  THURSDAY, 13 APR 2023
... performing products should be disqualified from the system, and commend the Federal Government for expanding the performance test to more super products. That being said, it's essential the test is expanded to products in the retirement phase as ...

ASIC warns super funds on member communication failure

KARREN VERGARA  |  WEDNESDAY, 12 APR 2023
Superannuation funds that fail the performance test downplay their results and obfuscate members from understanding critical information, according to the corporate regulator. ASIC has criticised super funds that failed the performance test two years ...

YFYS recommendations not enough: AIST

JAMIE WILLIAMSON  |  THURSDAY, 6 APR 2023
... struggle to take meaningful action," she said. She also noticed that the government announcement focused on the performance test, rather than other elements like the YourSuper comparison tool, adding that she is disappointed the government had not acted ...

Consumer interests prioritised in YFYS review

ANDREW MCKEAN  |  WEDNESDAY, 5 APR 2023
... haven't gone quality checks, but the YFYS review will sharpen the teeth of regulators. "By expanding the performance test, more Australians will benefit from a system that prioritises accountability and transparency," O'Halloran said. Meanwhile ...

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 ...

Jones releases Your Future, Your Super review outcomes

KARREN VERGARA  |  TUESDAY, 4 APR 2023
... its review into the Your Future, Your Super laws, flagging among many findings, that it will "fine-tune" the performance test and extend the performance period to 10 years. Starting with the highly contested performance test, assistant treasurer Stephen ...

Regulators sound alarm on cybersecurity, fraud in super

ANDREW MCKEAN  |  FRIDAY, 24 FEB 2023
... MySuper products, following the Your Future, Your Super review, APRA will be prepared for an iteration of the performance test for choice products in 2023, Ellis adds. Meanwhile, ASIC commissioner Danielle Press similarly emphasised the need for stronger ...