Vanguard has endorsed the current performance test methodology in a submission to Treasury, championing its effectiveness in eliminating underperforming investment options and improving member outcomes.
YFYS test spurs funds to review their investment menus superreview.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from superreview.com.au Daily Mail and Mail on Sunday newspapers.
The extension of performance tests to a wide range of choice superannuation products has revealed that 12 per cent of the products on offer to the public have underperformed, according to prudential supervisor APRA.