Opinion
Super performance test review must set a high returns bar
It’s reasonable to ask the question about constraining clean energy investments. But the hurdle must ultimately be whether Australians will retire with more income in retirement than would otherwise be the case.
Blake BriggsFinancial Services CouncilThe Your Future, Your Super performance test was a blunt instrument that delivered rough justice on the superannuation industry, but for all its faults it has achieved its policy objective.
Data from Australian Prudential Regulation Authority demonstrates that since 2021, when the test was first applied, 17 poorly performing not-for-profit and retail MySuper products have exited the industry.
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