Choice Heatmap dashboard - accessible version

The complete view of the Insights paper - APRA Choice Heatmap is available here: Insights paper - APRA Choice Heatmap.

For the Choice Heatmap the dashboard outlines:

Objectives:

• Heighten transparency to hold trustees accountable.
• Provide comparable measures of performance across products.
• Promote beneficial consolidation to drive better outcomes to members.

Coverage:

• 1,038 investment pathways, 163 unique super products, 604 unique investment options.
• $292 billion member benefits, 47% of Choice accumulation phase, 77% APRA Heatmaps coverage of accumulation phase.

Significantly poor investment returns (8 years)

• 80 options, $10 billion member benefits, 4.1% of member benefits.

Administration fees disclosed

• Significantly high
  i. 48 products, $8.8 billion member benefits, 3.0% of member benefits
   
• Average annual fee for a $50,000 balance
  i. $149 open Choice, $225 closed Choice, $137 MySuper