Your Future, Your Super

This page houses our research on the Your Future, Your Super performance test. A range of materials (papers and models) have been made available.

New Research

Explainer: Simple reference portfolio (SRP) performance test as proposed by Treasury
June 2026

Introduction to the SRP proposal and associated issues.

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Research – YFYS – Constraint on ESG, Sustainability & Carbon Transition Activities
November 2022

Collaborative research with FTSE Russell, An LSEG Business, ASFI and RIAA.

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Research paper – Exploring sustainable YFYS tracking error
October 2022

Exploring sustainable tracking error and cost of constraints

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Model – YFYS and Suatainable Investment Strategy
October 2022

Excel modelling of YFYS constraints on investment strategy.

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Assessing the impact of YFYS through interviews with CIOs of funds with performance “buffer”
July 2022

 

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Moving Forward

Moving forward with YFYS: Super funds
October 2021

Explores the challenges and pathways forward for super funds. …..

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Moving forward with YFYS: Investment managers
October 2021

Explores the challenges and pathways forward for investment managers. …..

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Summary Materials

YFYS – Models and Calculations
July 2021

All models and calculators used in our research on the YFYS Performance Test.

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YFYS Performance Test – Summary and Reflections
July 2021

Summary of the YFYS Performance Test, our research, and final outcomes. …..

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Previous Research

Submission
May 2021

YFYS submission (post-regulations).

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Opening statement
April 2021

Opening statement by David Bell to the Senate Economics Legislation Committee.

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Submission
March 2021

YFYS submission to Senate Working Committee.

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Media release
March 2021

Opportunity cost to consumers – March 10, 2021.

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Detailed paper
March 2021

Exploring the opportunity cost to consumers – March 10, 2021.

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Presentation
March 2021

Presentation on investment strategy impact and opportunity cost – March 10, 2021.

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Media release
March 2021

Impact on portfolio management – March 3, 2021.

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Detailed paper
March 2021

Exploring the impact on super fund investment strategies – March 2, 2021.

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Investment Strategy Impact and Opportunity Cost
March 2021

Excel modelling of investment strategy impact and opportunity cost.

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Media release
November 2020

Official release to media contacts on November 27, 2020.

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Detailed paper
November 2020

Release to the industry – November 2020.

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Summary paper
November 2020

Release to the industry – November 2020.

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Statistical tests
November 2020

Statistical tests used to assess the effectiveness of YFYS.

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Submission
December 2020

YFYS submission to Treasury.
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