{"id":989256,"date":"2022-06-01T21:06:00","date_gmt":"2022-06-01T21:06:00","guid":{"rendered":"https:\/\/explorecem.com\/?p=989256"},"modified":"2026-04-17T21:45:15","modified_gmt":"2026-04-17T21:45:15","slug":"what-is-the-value-of-your-future-your-super-test-australia","status":"publish","type":"post","link":"https:\/\/explorecem.com\/what-is-the-value-of-your-future-your-super-test-australia\/","title":{"rendered":"What is the value of your future, your super test (Australia)"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"989256\" class=\"elementor elementor-989256\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7b16f6b6 e-flex e-con-boxed e-con e-parent\" data-id=\"7b16f6b6\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"vamtam-has-theme-widget-styles elementor-element elementor-element-42afd074 elementor-widget elementor-widget-text-editor\" data-id=\"42afd074\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"et_pb_row et_pb_row_0\">\n<div class=\"et_pb_column et_pb_column_4_4 et_pb_column_0  et_pb_css_mix_blend_mode_passthrough et-last-child\">\n<div class=\"et_pb_module et_pb_text et_pb_text_0  et_pb_text_align_left et_pb_bg_layout_light\">\n<div class=\"et_pb_text_inner\">\n<p>The Australian government announced the \u201cYour Future, Your Super\u201d (YFYS) reform package in the 2020-21 Budget, with the YFYS Act coming into effect on July 1, 2021. Under the YFYS reforms, the Australian Prudential Regulation Authority (APRA) is required to conduct an annual performance test for MySuper products, which is intended to hold the funds to account for potential underperformance.<\/p>\n<p>This article looks at the wealth of historical information available to us from across different pension funds globally, apply the YFYS test retrospectively to their historical results, and try to assess whether the YFYS test \u2013 had it been applied to global pension funds from 1992 through 2020 \u2013 would have been able to accurately spot those funds that were likely to be long-term under-performers.<\/p>\n<p>\u00a0<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-22dff34 e-flex e-con-boxed e-con e-parent\" data-id=\"22dff34\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-554164e elementor-widget elementor-widget-html\" data-id=\"554164e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<script charset=\"utf-8\" type=\"text\/javascript\" src=\"\/\/js.hsforms.net\/forms\/embed\/v2.js\"><\/script>\n<script>\n  hbspt.forms.create({\n    portalId: \"20903941\",\n    formId: \"e48e0e9b-88dd-447b-95c5-852b718e2ddb\",\n    region: \"na1\"\n  });\n<\/script>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The Australian government announced the \u201cYour Future, Your Super\u201d (YFYS) reform package in the 2020-21 Budget, with the YFYS Act coming into effect on July 1, 2021. Under the YFYS reforms, the Australian Prudential Regulation Authority (APRA) is required to conduct an annual performance test for MySuper products, which is intended to hold the funds&#8230;<\/p>\n","protected":false},"author":2,"featured_media":989992,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[49],"tags":[],"class_list":["post-989256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What is the value of your future, your super test (Australia) - CEM<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/explorecem.com\/what-is-the-value-of-your-future-your-super-test-australia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is the value of your future, your super test (Australia) - CEM\" \/>\n<meta property=\"og:description\" content=\"The Australian government announced the \u201cYour Future, Your Super\u201d (YFYS) reform package in the 2020-21 Budget, with the YFYS Act coming into effect on July 1, 2021. Under the YFYS reforms, the Australian Prudential Regulation Authority (APRA) is required to conduct an annual performance test for MySuper products, which is intended to hold the funds...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/explorecem.com\/what-is-the-value-of-your-future-your-super-test-australia\/\" \/>\n<meta property=\"og:site_name\" content=\"CEM\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-01T21:06:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-17T21:45:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/explorecem.com\/wp-content\/uploads\/2026\/03\/hassaan-here-wULuGB0iphc-unsplash-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Isha Soni\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Isha Soni\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/explorecem.com\\\/what-is-the-value-of-your-future-your-super-test-australia\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/explorecem.com\\\/what-is-the-value-of-your-future-your-super-test-australia\\\/\"},\"author\":{\"name\":\"Isha Soni\",\"@id\":\"https:\\\/\\\/explorecem.com\\\/#\\\/schema\\\/person\\\/d1fd8c73fd58cfe92eaf36868e65268f\"},\"headline\":\"What is the value of your future, your super test (Australia)\",\"datePublished\":\"2022-06-01T21:06:00+00:00\",\"dateModified\":\"2026-04-17T21:45:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/explorecem.com\\\/what-is-the-value-of-your-future-your-super-test-australia\\\/\"},\"wordCount\":130,\"publisher\":{\"@id\":\"https:\\\/\\\/explorecem.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/explorecem.com\\\/what-is-the-value-of-your-future-your-super-test-australia\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/explorecem.com\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/hassaan-here-wULuGB0iphc-unsplash-scaled.jpg\",\"articleSection\":[\"Research\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/explorecem.com\\\/what-is-the-value-of-your-future-your-super-test-australia\\\/\",\"url\":\"https:\\\/\\\/explorecem.com\\\/what-is-the-value-of-your-future-your-super-test-australia\\\/\",\"name\":\"What is the value of your future, your super test (Australia) - 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