Whilst the new YFYS performance test doesn’t impact SMSFs, its data may have flow-on effects on how it may shape performance indicators in the future for SMSFs, according to a technical specialist.
Funds that underperformed in the Your Future, Your Super performance test may seem less attractive, but they still have potential to find merger partners, according to Frontier.
Treasury's Retirement Income Covenant allows trustees to address member acquisition and retention challenges, following the introduction of ‘stapling’ as part of the Your Future, Your Super reform.
The Your Future, Your Super performance test will only disclose to superannuation funds whether they had passed or failed and would not give any value indications.