Financial products fail performance test

15 October, 2021

Australian Catholic Super and Christian Super have failed the financial regulator’s initial performance test of their MySuper financial products.

The Australian government’s You Future, Your Super laws came into effect on 1 July 2021 with an annual performance test introduced for all superannuation funds offering a MySuper product.

The annual performance test for this year assesses the returns of MySuper options (after the deduction of fees) over the last seven years.


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