SUPERANNUATION

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ESG investment

ESG another unintended consequence of YFYS

Mike Taylor 17 January 2022

The Government’s Your Future, Your Super legislation and the Australian Prudential Regulation Authority’s superannuation fund performance test may act as a drag on ESG investment, according to Morgan Stanley’s implementation business, Parametric

This is because there exists a moderate level of tracking error (divergence from the benchmark) as a by-product…

Spotlighted

ASIC confirms use of compulsory powers on failed funds

Mike Taylor 14 January 2022

The Australian Securities and Investments Commission (ASIC) has forced superannuation funds which were deemed to have failed the Australian Prudential Regulation Authority (APRA) performance test to reveal all their subsequent communications to members.

The regulator has confirmed that it exercised its compulsory information gathering powers to force the release of…

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Business man in suit pushing against walls closing in

Super funds ‘inherently conflicted’ on intra-fund say Super Consumers

Mike Taylor | 13 January 2022Super Consumers Australia has warned that superannuation funds are inherently conflicted on intra-fund advice.
Passed and Failed paperwork with Passed Ticked

Hume backs ATO YourSuper tool for selecting super funds

Mike Taylor | 7 January 2022The Federal Government has claimed credit for the success of the APRA superannuation performance test.
Performance measurement

APRA signals focus on retirement products performance

Mike Taylor | 6 January 2022APRA has signalled it may measure the performance of retirement income products.
Insider trading

Not insider trading, but ASIC still investigating super switches

Mike Taylor | 6 January 2022The Australian Securities and Investments Commission is scrutinising four individuals over super investment changes.
Tight leash

Govt tightens leash on proxy advisers

Mike Taylor | 17 December 2021The Government has tightened the rules around proxy advice.
Blowtorch against wooden wall

APRA expects underperforming choice products to exit

Mike Taylor | 17 December 2021APRA has signalled it expected underperforming choice superannuation products to exit
Explosive growth

Industry foresees super funds with over 5 million members

Mike Taylor | 17 December 2021A major industry organisation has suggested that fund mergers could lead to entities with over 5 million members
Stockmarket ticker showing Winners & Losers

60% of choice products fail APRA benchmark

Mike Taylor | 16 December 202160% of Choice super products fail APRA's heatmaps performance benchmark.