RIAA has commented on proposed changes to the Your Future Your Super performance test, including a longer timeframe and additional indices in the benchmark.

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In RIAA’s view, further reform to the YFYS performance test is needed to ensure:

• superannuation funds can meet growing consumer demand for values-based products,
• the performance test benchmark, in particular the underlying indices, is not deterring funds from directing capital to assets which will meet global commitments such as the Paris Agreement goals and Sustainable Development Goals, and
• the performance test is not misaligned with other policy objectives and regulators’ expectations.