Blake Briggs, CEO of the Financial Services Council, recently wrote that the superannuation performance test must always be focused on achieving the highest level of returns. Mr Briggs said that this was to ensure Australians retired with more income in retirement than they otherwise would. His comments were made in the context of signals from the government that it will review the test to see whether it is sufficiently aligned with funds investing in the energy transition, among other policy priority areas.

Today, a fund investing in renewable energy assets is penalised because there is no legislated index against which such an investment can be properly measured.