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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. 

This is an example of the MySuper dashboard

MySuper products

 

The 2023 annual performance test has assessed MySuper products for the third year in a row. The long-term performance of 64 MySuper products were assessed against tailored benchmarks.

The performance test results for MySuper products are available here.

 

This is an example of one of the TDP dashboards.

Trustee directed products

 

This year’s annual performance test assessed choice products for the first time, with the inclusion of trustee directed products. The long-term performance of 805 trustee directed products were assessed against tailored benchmarks.

The performance test results for trustee directed products are available here.