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Four funds fail performance test again - Professional Planner

The prudential regulator has released the results of its second performance test with four funds having to close to new members after repeated failures.

South australiaStephen jonesMargaret coleEnergy industries superannuation schemeWestpac group plan mysuperRetirement fund lifetimeoneFuture your superAustralian catholic superannuationRetirement fundEnergy industries superannuation scheme poolGroup plan mysuperProfessional plannerMercer superKelly power

APRA expecting some products to fail in second MySuper performance test

A total of 13 super funds failed the inaugural performance test in 2021. APRA member Margaret Cole said the prudential regulator is finalising work on the second MySuper performance test. Following

Suzanne smithMargaret coleNeil griffithsGases superannuation fundEnergy industries superannuation schemeIndependence plan divisionVictorian independent schools superannuation fundColonial first state firstchoice superannuationRetirement fundFinancial services councilCommonwealth bank group superLabour union coPlan division twoAustralian catholic superannuationSuperannuation fundChristian super

APRA expecting some products to fail in second MySuper performance test

13 super funds failed the inaugural performance test in 2021. APRA member Margaret Cole said the prudential regulator is finalising work on the second MySuper performance test. Following the inaugura

Suzanne smithMargaret coleNeil griffithsGases superannuation fundEnergy industries superannuation schemeIndependence plan divisionVictorian independent schools superannuation fundColonial first state firstchoice superannuationRetirement fundFinancial services councilCommonwealth bank group superLabour union coPlan division twoAustralian catholic superannuationSuperannuation fundChristian super

APRA finalising work on second MySuper performance test

13 super funds failed the inaugural performance test in 2021. APRA member Margaret Cole said the prudential regulator is finalising work on the second MySuper performance test. Following the inaugura

Suzanne smithMargaret coleNeil griffithsGases superannuation fundEnergy industries superannuation schemeIndependence plan divisionVictorian independent schools superannuation fundColonial first state firstchoice superannuationRetirement fundFinancial services councilCommonwealth bank group superLabour union coPlan division twoAustralian catholic superannuationSuperannuation fundChristian super

Super funds slammed for obscuring test results

ASIC has slammed super funds for employing communication strategies that may have confused or misled members about their product’s performance. In a statement released on Friday 24 June, the corpo

Neil griffithsGases superannuation fundEnergy industries superannuation schemeIndependence plan divisionVictorian independent schools superannuation fundColonial first state firstchoice superannuationRetirement fundCommonwealth bank group superLabour union coPlan division twoAustralian catholic superannuationSuperannuation fundChristian superEnergy industries superannuation scheme poolLabour union co operative retirement fundMaritime super

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