performance test

Policy and Regulation

Stapling rebuttal not enough to stop YFYS passage

Australian Labor Party MP Stephen Jones and independent MP Craig Kelly focused on the possibility that stapling could result in workers being lumped with ill-fitting insurance arrangements before the Bill amendment ultimately passed with a vote of 71 to 67.

Matthew SmithJune 17, 2021

Leadership

Rest’s Vicki Doyle on the importance of being adaptable

Underperformance relative to the government’s proposed test could end up being a competitive advantage in the long run for funds like Rest which are now laser focused on outcomes relative to the listed eight-year benchmark, Vicki Doyle highlights in a wide-ranging interview.

Matthew SmithJune 7, 2021

Opinion

YFYS and distinguishing forest from trees

The debate around which stapling model has raged to the point where stapling works best is now at risk of not proceeding, which would be a shame because either proposed model would improve consumer outcomes, David Bell writes.

David BellMay 31, 2021

Regulation

Performance test misses key investment-risk component

YFYS will change the super industry beyond recognition and there has been extensive discussion on the test’s design flaws, namely, its limited benchmark indices. In addition, the test’s exclusion of investment risk from the calculation is concerning according to Mercer's Barlow

Emily BarlowMay 14, 2021

Regulation

‘Not too bad’, but concerns remain: Aware Super CIO on performance test

Concerns remain about unintended consequences that are yet to arise, but Aware Super CIO Damian Graham believes the government’s second iteration of the performance test is a ‘reasonably pragmatic middle ground’.

Tahn SharpeApril 30, 2021

Regulation

‘Retrograde’ performance test picked apart at senate hearing

Limited scope, benchmarking issues and a failure to identify diversification risks were some of the key issues plaguing the proposed performance test according to speakers called up by the Senate hearing in Sydney Wednesday morning.

Tahn SharpeApril 7, 2021

Opinion

Additional indices won’t fix the YFYS performance test

The YFYS performance test might be well-intended, but the design requires improvement, and a couple of extra indices isn’t the solution, David Bell writes.

David BellMarch 17, 2021

Industry

Innovate to avoid forced mergers: Fairley

Greater transparency brought on by new regulatory requirements will lead to funds quickly realising the writing is on the wall to merge, but time might be running out for some, Togethr and Equipsuper's Andrew Fairley says.

Matthew SmithFebruary 8, 2021

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