ASIC has identified significant shortcomings in the way superannuation funds handle their internal dispute resolution procedures.
BT has acknowledged contingency plans in the event that its failed MySuper product fails the YFYS performance test a second time.
The Australian Prudential Regulation Authority has embedded accelerating a reduction in super fund numbers in its 2022-23 agenda.
Treasury has been told the compliance costs associated with the YFYS super fund disclosure regime were ‘gross underestimated’.
APRA has openly referenced three superannuation funds capable of failing the YSYF performance test for a second time.