Your Future Your Super

Australia’s super funds are racing to achieve massive size in the understanding that it will create untold benefits for members. But “a little but of circumspection and caution” is required. “People seem to be taking it as a fact that you just need to be bigger, and that it’s obvious you need to be bigger…

UniSuper’s decision to dip its toe into venture capital is all about members. The question is whether the fund will go further down a road that few others have tread.  It’s an investment that would barely move the dial on overall returns, but the $75 million that UniSuper has tipped into early-stage commercialisation manager Uniseed…

It’s rare that an inquiry finds no evidence of harm from a practice and still recommends against it – but that’s the path the standing committee on economics has gone down. The standing committee on economics’ inquiry into common ownership was most notable for beingone of the few inquiries of that body that regularly ended…

Apostle’s People and Planet fund was tailor-made for Statewide Super’s members – and has interesting implications for an industry trying to meet a new wave of demand for sustainable options.   Two years ago, many institutions were still outsourcing their socially responsible investing (SRI) to AMP Capital or Pendal. But the Boe Pahari controversy saw…

As funds get bigger and bigger – and the Your Future Your Super (YFYS) performance test bites – they’re rethinking everything from alpha generation to their intrinsic investment philosophies. While the increasing size of super funds will benefit them in unlisted markets – where big funds can increasingly play on the same field as global…

Your Future Your Super (YFYS) is meant to improve member outcomes. But Frontier’s latest research suggests that the performance test is in dire need of tweaking if it’s to fulfil that goal. Frontier’s latest research – “The heat is on – superannuation fund performance in 2021” – aims to answer the question of whether the…

Schroders has launched likely the first dedicated fund managed directly to the Your Future, Your Super (YFYS) benchmark for alternative investments. The Global Active Allocation Fund, which has secured a foundation investment mandate from a large super fund, is a multi-asset portfolio with the objective of outperforming the YFYS benchmark applying to alternative investments and…

To fix the Your Future, Your Super (YFYS) performance test, Treasury and regulators need to reconsider their fixation on a “bright line” measure. It’s a testament to the flaws of the YFYS performance test that, several months after it was first applied to MySuper products, the super sector’s intelligentsia are still trying to fix it….

A mere 13 funds were dispatched by the first round of the Your Future Your Super (YFYS) performance test. Chant West believes the damage could be worse in the choice sector. Later this year, APRA’s performance test will be brought to bear against the choice sector after a dry run on the smaller universe of…

In the aftermath of Your Future Your Super (YFYS), members of dud funds still aren’t moving their super. And it’s not clear what the government and regulators can do about it. It sometimes seems that so much time was spent on implementing the contentious YFYS reforms that the question of what would happen to members…