Chant West has welcomed the proposed pause in the Your Future Your Super (YFYS) performance test, saying it s in the best interest of super fund members.
The prudential regulator has released the results of its second performance test with four funds having to close to new members after repeated failures.
Although the initial announcement implied stapling would not be part of the Your Future Your Super review, financial services minister Stephen Jones confirmed today the measure will be included. He reiterated that stapling won’t be removed but instead refined to reduce any “unintended consequences”.