Exploring the Your Future, Your Super Performance Test

Date: Wednesday, 21 April 2021
Where: Via Zoom - link sent with registration confirmation 
Time: 12:30pm until 2:00pm (AEST)
Cost: Free 

The Government recently announced the Your Future Your Super (YFYS) reforms as part of the 2020 Budget. There is merit in protecting consumers with a performance test. However, it needs to be an effective performance test with limited undesirable outcomes. Unfortunately, analysis by The Conexus Institute suggests the YFYS performance test does not meet these goals: it will be ineffective at identifying poor performing funds while introducing a range of undesirable outcomes. Overall The Conexus Institute research suggests that the detriments of the YFYS performance test outweigh the benefits. 

David Bell - Executive Director - The Conexus Institute

David Bell is the executive director of The Conexus Institute, an independent, not-for-profit research institution focused on improving retirement outcomes for Australian consumers. The Institute adopts a research-for-impact model and frequently collaborates with researchers from academia, associations, and industry. Research is generally made open source to create transparency and accountability. 

David has been an active researcher (industry and academic) in the areas of retirement, superannuation, investment management and governance. David recently completed his PhD at UNSW, with a focus on asset allocation problems related to lifecycle modelling. 

David’s industry career experiences include the role of CIO at Mine Super, founder and director of his own consulting firm (St Davids Rd Advisory) and 12 years at CFS GAM (now First Sentier), mainly leading the fund-of-hedge funds investment team. David led the development of MDUF (the Member’s Default Utility Function), was a co-founder of financial newsletter Cuffelinks (now Firstlinks), and developed and taught the hedge funds elective at Macquarie University’s Applied Finance Centre.

CFA Society Sydney has determined that this program qualifies for 1 PL credit hour under the guidelines of the CFA Institute Professional Learning Program. If you are a CFA Institute member, login to your CFA Institute account to record your PL credit for your participation in this presentation.