Treasurer Jim Chalmers has opened a consultation into the design of the annual superannuation performance test, canvassing views on a range of reform options....
There is scope for superannuation licensees to further reduce their fees, particularly in trustee directed products, according to an APRA report....
APRA has announced 96 trustee directed products and one MySuper product failed to meet the benchmark of its 2023 superannuation performance test....
The FAAA has warned advisers to be alert if their clients are in an underperforming super fund as this month’s APRA performance test is increased to certain trustee-direc...
Minister for Financial Services, Stephen Jones, has confirmed changes to the Your Future, Your Super model to ensure all trustees, including Choice funds, are held to acc...
ASIC has conducted a review into how superannuation funds communicated their performance test failures to members, revealing some may have risked misleading members....
Analysis from SuperRatings predicts that approximately 20% of superannuation options will fail this year’s performance test due in August....
Shadow assistant treasurer, Stephen Jones, says he agrees with superannuation performance testing but that he will review the Your Future, Your Super benchmarking metrics...
The Your Future, Your Super reform overlooks different investment approaches a trustee might take, including environmental, social and governance investing, according to ...
Data from the prudential regulator has found members of underperforming super funds are not moving in significant numbers, despite receiving communication about the perfo...
The corporate regulator has been probed on if it has been investigating whether Industry Super Australia engaged in misleading or deceptive conduct regarding claims of su...
The prudential regulator is open to improving the system, particularly as it expects to include Choice products next year, but it wants to keep it simple for consumers....
The corporate regulator intends to monitor members from underperforming super funds from being swayed into an untested fund that is in reality performing worse, however i...
The prudential regulator has released its performance test results but an industry association has urged consumers to treat the results with “extreme caution”....
While the Financial Services Council has welcomed the Senate passage of the Your Future, Your Super bill, Industry Super Australia and the Australian Institute of Superan...
trustees are already requesting such confirmations when advisory fees (even via fixed term agreements) are deducted from...
CSLR should be broken down into 2 sub sectors, one for product manufacturers and one for financial advisers. Product ma...
We must stand up and show our opposition to both the ASIC Levy and CSLR as they both contribute to the high cost of advi...