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Showing 1 - 10 of 100+ results for "Your Super"

APRA moves to force EISS Super merger

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... expenditure and governance matters, the regulator said. It also follows the fund's failure of the inaugural Your Future, Your Super performance test. Under the conditions, EISS Super must implement a strategy to merge with a larger fund by 30 June ...

BT confirms changes to super business

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... August end BT Super and its ASGARD Employee Super were among the 13 MySuper products to fail the inaugural Your Future, Your Super performance test. About a month later Financial Standard was first to report the Asgard option would close, with many members ...

AustralianSuper, LUCRF push ahead on merger

ELIZABETH MCARTHUR  |  MONDAY, 8 NOV 2021
... position in retirement," Schroder said. LUCRF's MySuper option was among the 13 funds that failed the Your Future, Your Super performance test in August. The fund confirmed it was exploring a merger with AustralianSuper in July, signing a Memorandum ...

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 ...

Colonial First State seeks MySuper redemption

ANNABELLE DICKSON  |  TUESDAY, 19 OCT 2021
... capabilities and both funds will continue as actively managed portfolios. The deal follows CFS's failure of the Your Future, Your Super performance test in August alongside 12 other MySuper products. "It is important for our members that we act quickly ...

Super system "frayed": Hume

ELIZABETH MCARTHUR  |  FRIDAY, 15 OCT 2021
... the workforce of 30 years ago." She then explained to the international audience that the government's Your Future, Your Super reforms also aim to address these inadequacies. Hume appeared to take a swipe at some funds when she said that under the best ...

EISS Super answers tough questions

ELIZABETH MCARTHUR  |  TUESDAY, 12 OCT 2021
... asking EISS 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 ...

FSC to ban occupational exclusions

ANNABELLE DICKSON  |  TUESDAY, 12 OCT 2021
... individually underwritten life insurance in superannuation," The FSC said. The new standard comes after the Your Future, Your Super reforms which staples superannuation members to their fund, however some members may not be able to claim on life insurance ...

OnePath tops Fat Cat super fund list

KARREN VERGARA  |  FRIDAY, 8 OCT 2021
... Stockspot said. "Unfortunately, these investment consultants and active fund managers take a nice big juicy fee from your super but rarely outperform a basic index that tracks the market. In fact, over the last five years approximately one in 10 super ...
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