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25 October 2022 • By Maja Garaca Djurdjevic • 1 min read

MySuper test challenges ASIC’s past performance rules, ASFA says

ASFA has asked for two improvements to be made to the YFYS performance test. In its latest submission to the Treasury’s Your Future, Your Super ...

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How much have ‘dud’ super funds cost Aussie workers?

Those who stuck with an underperforming fund have paid the price. Aussies who did not exit underperforming super funds that failed the inaugural ...

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Size matters in superannuation, outgoing APRA chair says in final speech

According to the outgoing APRA chair, the evidence is clear that size in the super sector “helps deliver better member outcomes”. In his last ...

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No super balance cap in October budget, Minister confirms

The government doesn’t intend to cap super balances in the upcoming budget. Financial Services Minister Stephen Jones has confirmed that Labor has ...

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Concerns raised over YFYS performance test

CA ANZ and CPA Australia have released their submission to the YFYS review. Chartered Accountants Australia and New Zealand (CA ANZ) and CPA ...

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Global volatility continues to impact super fund returns

Returns have fallen into the negative for the first quarter of FY23. Super fund returns took another hit in September as concerns around global ...

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ASFA renews calls to cut super concessions for higher earners

The industry body has urged the government to reduce the tax concessions in super for large balances and those earning a higher income. In its ...

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YFYS performance test ‘significantly constraining’ super fund investment strategies

Research has suggested that the test could cost members more than $3 billion a year. The impact of the Your Future, Your Super (YFYS) performance ...

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Australia’s retirement income system receives a B+ grade

While Australia ranks strongly in the latest Mercer CFA Institute Global Pension Index, opportunities for further improvement have been pinpointed, ...

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Australia’s ‘worst’ super fund named

New research has revealed the country’s worst and best-performing funds. OnePath has been dubbed the worst-performing super fund in the country, ...

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