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super performance test
News
The prudential regulator has described its new performance package as the “next step” in its work to sharpen trustees’ focus on improving member outcomes....
Superannuation
While the test has played a key role in removing underperforming MySuper products, its approach to the Choice segment warrants further discussion, according to profession...
Financial advice
The industry body has recommended an approach that recognises unique advice needs, noting current super regulation and legislation is “overwhelmingly designed with simple...
News
Speaking to Super Review, Assistant Treasurer Stephen Jones said interest shown to date by institutional investors like super funds in the government’s cornerstone Future...
Superannuation
The current framework of the test remains a barrier to allocating capital at scale towards the energy transition despite the government’s recent $22.7 billion commitment ...
Superannuation
The professional body is calling for the annual performance test to transition to a two-metric test, so it better aligns with the overarching duty of super fund trustees ...
Superannuation
AustralianSuper, Rest, and HESTA agree on the need to retain and enhance the test, yet they differ in their perspectives on the specific areas that warrant further refine...
Financial advice
While the Financial Advice Association Australia said it supports a performance testing regime “in principle”, it holds reservations about expanding this scope to retirem...
Superannuation
Treasurer Jim Chalmers stated the government is seeking to “canvass a range of options” towards reforming the test to improve member outcomes. ...
Superannuation
There is scope for superannuation licensees to further reduce their fees, particularly in trustee directed products, according to an APRA report....
Superannuation
Super funds returns have wavered from the strong momentum going into the new financial year, delivering a median balanced return of -0.1 per cent in August after a 1.5 pe...
Superannuation
APRA has announced 96 trustee directed products and one MySuper product failed to meet the benchmark of its 2023 superannuation performance test....
From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...