Find the latest media releases, statistics, and publications from APRA — offering timely updates, insights, and official communications to keep you informed.
The Performance Test is designed to improve member outcomes by assessing the performance of superannuation investment options against tailored benchmarks. The Performance Test has been in place for MySuper products since 2021 and was extended to Trustee Directed Products (‘TDPs’), a subset of the choice sector, in 2023. This paper presents additional insights regarding product performance since the inaugural Performance Test in 2021.
The Agencies are working closely with industry to ensure the proposed collection is practical and fit for purpose. As such, these draft data points and definitions are subject to change as feedback is received from industry and other stakeholders.
The FAR replaces the Banking Executive Accountability Regime (BEAR) and will apply to authorised deposit-taking institutions (ADIs) and their authorised non-operating holding companies (NOHCs) from 15 March 2024.
A key area of focus for APRA as part of this assessment is the effectiveness of Additional Tier 1 capital (AT1). AT1 instruments are a critical part of banks’ financial resilience: they are designed to absorb losses in stress and provide capital to support bank resolution at the point of failure.
Prudential Standard SPS 515 Strategic Planning and Member Outcomes (SPS 515) is a core standard for superannuation. It is designed to ensure RSE licensees have robust business operations and are held to account to ensure their strategies and decisions deliver outcomes that are in the best financial interests of members, consistent with community expectations.
This paper outlines the approach APRA takes when combining the performance histories of two or more MySuper products in certain scenarios in administering the performance test. It also explains APRA’s approach to providing investment performance data to the Australian Tax Office (ATO) for inclusion in the YourSuper comparison tool.
This information report sets out the findings of a recent thematic review of the implementation of the retirement income covenant (‘the covenant’) by a sample of Registrable Superannuation Entity (RSE) licensees. The review was undertaken jointly by the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC).
The management of operational risk is of critical importance, as demonstrated by operational risk failures and business disruptions in the past. All APRA-regulated entities need to ensure that they are well placed to manage operational risk and respond to business disruptions when they inevitably occur.
This paper outlines the methodology that APRA has used to produce the Choice Heatmap (‘the heatmap’). The heatmap provides comparable information on the investment returns and fees and costs of a segment of the Choice industry within the superannuation sector.
This Insights Paper provides key insights from the Choice Heatmap (‘the heatmap’) covering a specific segment of the Choice sector, namely accumulation phase and multi-sector investment options. RSE licensees are the key audience for the heatmap and this Insights Paper.
