Posted 31 August 2023
The Your Future, Your Super (YFYS) Annual Performance Assessment is a test that assesses the net performance returns of all MySuper and trustee-directed products compared to a prescribed benchmark calculated by the Australian Prudential Regulation Authority (APRA).
For FY23 onwards, the assessment includes ‘trustee-directed products’. Generally, these are investment options where the trustee sets the strategic asset allocation, the allocation is to more than one covered asset class, and if only two asset class allocations, each asset class is greater than 10%.
We can confirm that APRA has advised that our Accumulate Plus Balanced (MySuper) investment option, along with all of our 'trustee-directed' products, our Conservative, Moderate, Growth and Fixed Interest investment options, have passed the YFYS 2023 Annual Performance Assessment.
To help keep your super on track to meet your goals for retirement, it's important to understand the investment choices available for your account and choose those that best suit your needs.
If you have any questions about your Group Super account(s) please call us on 1800 023 928.
To find out more on the Annual Performance Assessment, visit www.apra.gov.au/annual-superannuation-performance-test.
This information is provided by Commonwealth Bank Officers Superannuation Corporation Pty Limited (ABN 76 074 519 798), AFSL 2464180, the trustee of Commonwealth Bank Group Super (ABN 24 248 426 878). This article is general information only and does not take into account your personal objectives, financial situation or needs. You should consider whether it is appropriate for you, having regard to these matters, to act on the information. In addition, before making a decision about your super, please read the Product Disclosure Statement Member Guide and Reference Guides at oursuperfund.com.au/pds. The target market for our products can be found in the product’s Target Market Determination at oursuperfund.com.au/tmd.