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31 October 2022 • By Jon Bragg • 1 min read

Grattan opposes carve-outs for Choice products, says YFYS review must not compromise integrity of performance test

The think tank has urged the government not to make ‘wholesale reforms’ or create carve-outs for certain Choice products. Maintaining the integrity ...

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Super reacts to Housing Accord, reinforces focus on attractive returns

Super funds have welcomed the government's Housing Accord, while reiterating their commitment to securing attractive returns for their members

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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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