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APRA has warned funds which fail the Your Future, Your Super performance test for two consecutive years will be unable to accept any new beneficiaries for members until they pass a future test.
The Your Future, Your Super performance test is not aligned with the Government's agenda to achieve net-zero carbon emissions by 2050, according to Mercer’s Jillian Reid.
The Your Future, Your Super legislation is having an unintended outcome of forcing superannuation funds to move away from meeting promises to members in order to meet the performance test.
Madeline Barber's "Heart of Giving" Featured On New Episode of Growing Our Future Podcast
