{"id":104245,"date":"2025-08-29T12:50:09","date_gmt":"2025-08-29T12:50:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/104245\/"},"modified":"2025-08-29T12:50:09","modified_gmt":"2025-08-29T12:50:09","slug":"amp-pushes-for-testing-overhaul-after-super-products-fail-annual-apra-test","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/104245\/","title":{"rendered":"AMP pushes for testing overhaul after super products fail annual APRA test"},"content":{"rendered":"

Some superannuation products offered by two of the nation\u2019s largest retail funds, AMP and MLC-owner Insignia, have repeatedly failed the annual performance test by the financial regulator, which has barred them from accepting new customers in those schemes.<\/p>\n

The Australian Prudential Regulation Authority-administered test is in its fourth year, but has drawn the ire of super funds,<\/a> that argue its consequences are too severe, parameters flawed, and that it is driving perverse outcomes across the sector including \u201cindex-hugging\u201d investment.<\/p>\n

Loading…<\/p>\n","protected":false},"excerpt":{"rendered":"Some superannuation products offered by two of the nation\u2019s largest retail funds, AMP and MLC-owner Insignia, have repeatedly…\n","protected":false},"author":2,"featured_media":104246,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,186,184,185],"class_list":{"0":"post-104245","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-finance","12":"tag-personal-finance","13":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/104245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=104245"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/104245\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/104246"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=104245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=104245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=104245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}