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Your Future, Your Super: Review of the performance test

The Government announced the Your Future Your Super (YFYS) reforms as part of the 2020 Budget.

A working group of experienced investment researchers has explored the YFYS performance test in detail. Our research covers many different aspects of the test including its likely effectiveness and its impact on super fund strategy design.

The YFYS performance test is well-intended but our research suggests that the test design requires improvement.

A range of materials (papers and models) have been made available via the link below.

We welcome feedback on our work and happy to discuss any aspect in further detail.


Click here to access a range of materials (papers, presentations, models and templates).


David Bell

The Conexus Institute

Emily Barlow


Andrew Boal

Rice Warner

Kim Bowater


Nick Callil

Willis Towers Watson

David Carruthers


Matthew Griffith


Clayton Sills


Tim Unger

Willis Towers Watson