800 products added to super performance test – Jones
A further eight hundred superannuation products will be subjected to the Your Future, Your Super performance test, according to the Assistant Treasurer and Minister for Financial Services, Stephen Jones.
Under questioning during an Industry Super Australia (ISA) webinar today, Jones said the additional 800 products were a result of the Government having expanded the scope of the performance test to trustee-directed products.
He said this represented a major step up from the MySuper products which had so far been the subject of the test.
Jones announced the extension to trustee-directed products earlier this month, without quantifying how many products would be captured by the move.
He said the Government remained committee to the superannuation performance test.
Good luck people. These crusaders will destroy super eventually. Clueless.