Annual Superannuation Performance Test
APRA is required to conduct an annual performance test for MySuper products. The assessment under the performance test is intended to hold RSE licensees to account for underperformance through greater transparency and increased consequences.
2022 Annual Superannuation Performance Test
This is the second annual performance test for MySuper products run by APRA. The assessment under the performance test is intended to hold RSE licensees to account for underperformance through greater transparency and increased consequences.
Where a product fails the performance test in two consecutive years, the RSE licensee will be prohibited from accepting new beneficiaries into that product. This is the first year that two failures could be recorded.
