Annual superannuation performance test

Superannuation

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 is the fourth year that trustee directed products, a subset of the choice segment, have been assessed in the performance test.

MySuper products

Leave blank to use the default alternative text: "Dashboard-style infographic showing MySuper Performance Test results for August 2026 with 50 total products, 49 passing (98%) and 1 first-time fail (2%), and no repeat fails. It also highlights 15.9 million member accounts and total assets of $1,330.7 billion, with color-coded boxes and a pie chart for pass/fail distribution.".

The 2026 annual performance test has assessed 50 MySuper products against tailored benchmarks. MySuper products have been assessed in the annual test since its launch in 2021.

Trustee directed products

Dashboard-style infographic showing MySuper Performance Test results for August 2026 with 50 total products, 49 passing (98%) and 1 first-time fail (2%), and no repeat fails. It also highlights 15.9 million member accounts and total assets of $1,330.7 billion, with color-coded boxes and a pie chart for pass/fail distribution.

Trustee directed products, or TDPs, are multi-asset products where the trustee or connected entity has control over the investment strategy and/or the management of investments. A total of 356 Non-platform TDPs and 141 Platform TDPs were assessed in this year’s test.

Related resources

Footnotes