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Showing 81 - 90 of 220 results for "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 ...

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 ...

APRA outlines 2023 super priorities

CHLOE WALKER  |  THURSDAY, 2 FEB 2023
... adequacy of their practices to respond to market stress, including possible liquidity stress. Alongside the annual performance test, APRA will also continue to hold trustees to account in addressing drivers of poor product performance via the transparency ...

Top 10 issues for super funds in 2023: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 JAN 2023
... will be those that can manage both successfully at the same time, according to KPMG. APRA's latest heat map performance test and new regulations, such as the superannuation transfer planning (STP) and recovery and exit planning, require funds to ...

Super heatmap findings garner mixed responses

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
... Meanwhile, Frontier Advisers principal consultant David Carruthers pointed out that the release of the second MySuper performance test results show funds improved their performance from 2021. "The 2022 average result was 21 basis points above the performance ...

MySuper heatmap reveals sub-par products

ANDREW MCKEAN  |  THURSDAY, 15 DEC 2022
... Super and AMG MySuper received a significantly poor performance rating. Many of these products also failed the performance test earlier this year. Other poor performing products were ANZ Smart Choice Super, Australian Catholic Superannuation and Retirement ...

AMG Super to take on fledgling super product

JAMIE WILLIAMSON  |  TUESDAY, 6 DEC 2022
... Super over to Equity Trustees Superannuation, the trustee of AMG Super. AMG Super's MySuper option failed the performance test earlier this year, but AMG Super had already made the decision to close it and move away from offering default super products. ...

Crescent Wealth responds to PDS error criticism

ANDREW MCKEAN  |  THURSDAY, 1 DEC 2022
... the detriment of product holders. Correspondingly, a submission by Industry Super Australia (ISA) said that the performance test should be applied consistently to all super products. "It's not clear why it's necessary to introduce a differential ...

Religious carve outs for faith-based super funds are dead

ANDREW MCKEAN  |  WEDNESDAY, 30 NOV 2022
The carve out from the Your Future, Your Super (YFYS) performance test for faith-based funds has been axed by the government, despite it being an election policy. In December 2021, the government said it would adjust the performance test to account ...