Super Performance Test News Today : Breaking News, Live Updates & Top Stories | Vimarsana

This edition of the Update covers: KEY LEGAL AND REGULATORY DEVELOPMENTS Regulatory Priorities ASIC and APRA Release Their Corporate Plans for...

The Government is arguing that the manner in which the Government has moved to include administration fees within the super fund performance test will strengthen the regime.

ASFA chief executive, Dr Martin Fahy, said: "Australian superannuation funds’ strategic asset allocation, including the significant allocation to unlisted investments, has been an important element in their outperformance compared to international peers. "The changes announced today have the potential to mitigate investment distortions foreshadowed by the industry when the benchmark was first announced." ASFA also welcomed the announcement that administration fees would be included in the performance test. "Including all fees in the proposed benchmark will help align the benchmark to the re...

The government’s proposed superannuation performance test would be detrimental to the super system and is not in the best interests of members, according to Chant West.