Annual superannuation performance test
APRA is required to conduct an annual performance test for superannuation products. The assessment under the performance test is intended to hold RSE licensees to account for underperformance through greater transparency and increased consequences.
This year the test was expanded to evaluate trustee directed products, a subset of the choice segment. Broadly, trustee directed products are multi-asset products where the trustee has control over the design of the investment strategy of the product.