CPPP product performance

APRA's annual product performance results provide a comparative view of superannuation product performance across the industry, including investment returns, fees and costs, and performance test outcomes. Results are available for MySuper products, trustee directed products (TDPs) and externally directed products (EDPs).
Superannuation

Key documents

Insights paper

APRA has published an Insights Paper to illustrate the key insights from the data in the Comprehensive Product Performance Package, in particular identifying improvements to outcomes delivered to members and highlighting areas of poor performance.

Insights slide pack

Methodology paper

APRA has also provided an information paper on the methodology used to produce the Comprehensive Product Performance Package.

MySuper Product Performance

MySuper products are default superannuation products with single, diversified investment strategies.

MySuper significant underperformers

RSE licenseeRSE nameProduct name
Australian Retirement Trust Pty LtdAustralian Retirement TrustQSuper Lifetime
Bendigo Superannuation Pty LtdThe Bendigo Superannuation PlanBendigo MySuper
BUSS (Queensland) Pty LtdBuilding Unions Superannuation Scheme (Queensland)MySuper
Rei Superannuation Fund Pty LimitedRei SuperRei Super MySuper
RSE LicenseeRSE NameProduct Name
Mercer Superannuation (Australia) LimitedMercer Super TrustVirgin Money MySuper
Prime Super Pty LtdPrime SuperMySuper

Non-platform TDP product performance

Non-platform trustee directed products are standalone diversified investment offerings where the trustee or a connected entity of the trustee has control over the management of investments and/or sets the strategic asset allocations of the product offering.

Non-platform TDP significant underperformers

RSE LicenseeRSE NameInvestment Option Name
Australian Ethical Superannuation Pty LtdAustralian Ethical Retail Superannuation FundConservative (Accumulation)
Australian Retirement Trust Pty LtdAustralian Retirement TrustBonds Index
Australian Retirement Trust Pty LtdAustralian Retirement TrustBalanced Risk-Adjusted
Avanteos Investments LimitedColonial First State FirstChoice Superannuation TrustCFS Balanced
Avanteos Investments LimitedColonial First State FirstChoice Superannuation TrustCFS Diversified
Avanteos Investments LimitedColonial First State FirstChoice Superannuation TrustCFS Fixed Interest
Avanteos Investments LimitedColonial First State FirstChoice Superannuation TrustCFS Fixed Interest
Avanteos Investments LimitedColonial First State FirstChoice Superannuation TrustCFS Growth
Avanteos Investments LimitedColonial First State FirstChoice Superannuation TrustCFS Growth
Avanteos Investments LimitedColonial First State FirstChoice Superannuation TrustCFS High Growth
Avanteos Investments LimitedColonial First State FirstChoice Superannuation TrustCFS High Growth
Avanteos Investments LimitedColonial First State FirstChoice Superannuation TrustCFS Moderate
Avanteos Investments LimitedColonial First State FirstChoice Superannuation TrustCFS Select Diversified
Avanteos Investments LimitedColonial First State FirstChoice Superannuation TrustCFS Select Balanced
Brighter Super TrusteeBrighter Super FundDFI_ACC
Brighter Super TrusteeBrighter Super FundPROP_ACC
Diversa Trustees LimitedOneSuperSuper Option Growth
Equity Trustees Superannuation LimitedGuild Retirement FundGrowth
Equity Trustees Superannuation LimitedSmart Future TrustsmartMonday Moderate
Equity Trustees Superannuation LimitedSmart Future TrustsmartMonday Balanced Growth
H.E.S.T. Australia Ltd.HESTADiversified Bonds
H.E.S.T. Australia Ltd.HESTAProperty and Infrastructure
Mercer Superannuation (Australia) LimitedMercer Super TrustMercer Property - CSD
N. M. Superannuation Proprietary LimitedAMP Super FundAMP SignatureSuper - Future Directions Balanced
NESS Super Pty LtdNESS SuperStable Accumulation Option
OnePath Custodians Pty LimitedRetirement Portfolio ServiceOnePath Balanced Index
OnePath Custodians Pty LimitedRetirement Portfolio ServiceOnePath Conservative Index
OnePath Custodians Pty LimitedRetirement Portfolio ServiceOnePath Diversified Bond Index
OnePath Custodians Pty LimitedRetirement Portfolio ServiceOnePath Diversified Fixed Interest
OnePath Custodians Pty LimitedRetirement Portfolio ServiceOnePath Diversified Fixed Interest
OnePath Custodians Pty LimitedRetirement Portfolio ServiceOnePath Growth Index
Rei Superannuation Fund Pty LimitedRei SuperBonds
Rei Superannuation Fund Pty LimitedRei SuperGrowth
Rei Superannuation Fund Pty LimitedRei SuperStable
Total Risk Management Pty LimitedRussell Investments Master TrustRIMT BALANCED GROWTH
Total Risk Management Pty LimitedRussell Investments Master TrustRIMT DEFENSIVE
Total Risk Management Pty LimitedRussell Investments Master TrustRIMT GROWTH
Unisuper LimitedUnisuperListed Property
Nulis Nominees (Australia) LimitedMLC Super FundMLC Fixed Interest
Nulis Nominees (Australia) LimitedMLC Super FundMLC Fixed Interest
RSE LicenseeRSE NameProduct Name
Diversa Trustees LimitedOneSuperLiving Super Accumulation
Diversa Trustees LimitedOneSuperProfessional Super
Diversa Trustees LimitedOneSuperSpaceship Super
Diversa Trustees LimitedOneSuperSuperhero Super Accumulation
Equity Trustees Superannuation LimitedAMG SuperAcclaim Core
Equity Trustees Superannuation LimitedAMG SuperAcclaim Super
Equity Trustees Superannuation LimitedAMG SuperAMG Personal
Mercer Superannuation (Australia) LimitedMercer Super TrustVirgin Money Super
Prime Super Pty LtdPrime SuperChoice - accumulation

Platform TDP product performance

Platform trustee directed products are diversified investment offerings that form part of a larger investment structure where members can create bespoke portfolios. The trustee or a connected entity of the trustee has control over the management of investments and/or sets the strategic asset allocations of these product offerings.

Platform TDP significant underperformers

RSE LicenseeRSE NameInvestment Option Name
Avanteos Investments LimitedAvanteos Superannuation TrustCFS Fixed Interest AUD
Bendigo Superannuation Pty LtdThe Bendigo Superannuation PlanBendigo Balanced Wholesale Fund
Bendigo Superannuation Pty LtdThe Bendigo Superannuation PlanBendigo High Growth Index Fund
I.O.O.F. Investment Management LimitedIOOF Portfolio Service Superannuation FundMLC MultiActive Geared
I.O.O.F. Investment Management LimitedIOOF Portfolio Service Superannuation FundMLC MultiActive Growth
I.O.O.F. Investment Management LimitedIOOF Portfolio Service Superannuation FundMLC MultiActive High Growth
I.O.O.F. Investment Management LimitedIOOF Portfolio Service Superannuation FundMLC Wholesale Diversified Debt Fund
I.O.O.F. Investment Management LimitedIOOF Portfolio Service Superannuation FundMLC Wholesale Horizon 5 Growth Portfolio
I.O.O.F. Investment Management LimitedIOOF Portfolio Service Superannuation FundMLC WS Horizon 4 Balanced Portfolio
I.O.O.F. Investment Management LimitedIOOF Portfolio Service Superannuation FundOnePath Wholesale Diversified Fixed Inte
N. M. Superannuation Proprietary LimitedWealth Personal Superannuation and Pension FundAMP Capital Income Generator (was Select Income Generator)
N. M. Superannuation Proprietary LimitedWealth Personal Superannuation and Pension Fundipac Life Choices Active 100
N. M. Superannuation Proprietary LimitedWealth Personal Superannuation and Pension Fundipac Life Choices Active 50
N. M. Superannuation Proprietary LimitedWealth Personal Superannuation and Pension Fundipac Life Choices Active 70
N. M. Superannuation Proprietary LimitedWealth Personal Superannuation and Pension Fundipac Life Choices Active 85
N. M. Superannuation Proprietary LimitedWealth Personal Superannuation and Pension Fundipac Life Choices Income Generator
N. M. Superannuation Proprietary LimitedWealth Personal Superannuation and Pension Fundipac Select Income Generator
N. M. Superannuation Proprietary LimitedWealth Personal Superannuation and Pension FundNorth Guardian Balanced Fund
N. M. Superannuation Proprietary LimitedWealth Personal Superannuation and Pension FundNorth Guardian Growth Fund
N. M. Superannuation Proprietary LimitedWealth Personal Superannuation and Pension FundNorth Guardian Moderately Defensive Fund
N. M. Superannuation Proprietary LimitedWealth Personal Superannuation and Pension FundNorth Professional Balanced
N. M. Superannuation Proprietary LimitedWealth Personal Superannuation and Pension FundNorth Professional Growth
N. M. Superannuation Proprietary LimitedWealth Personal Superannuation and Pension FundNorth Professional High Growth
N. M. Superannuation Proprietary LimitedWealth Personal Superannuation and Pension FundNorth Professional Moderately Conservative
Oasis Fund Management LimitedOasis Superannuation Master TrustMLC MultiActive High Growth Trust
Oasis Fund Management LimitedOasis Superannuation Master TrustOnePath Wholesale Diversified Fixed Interest Trust
OnePath Custodians Pty LimitedRetirement Portfolio ServiceMLC MultiActive High Growth Trust
OnePath Custodians Pty LimitedRetirement Portfolio ServiceOnePath Wholesale Diversified Fixed Interest Trust
United Super Pty LtdCONSTRUCTION AND BUILDING UNIONS SUPERANNUATION FUNDSelf Managed Accumulation property
RSE licenseeRSE nameProduct nameInvestment menu name
Macquarie Investment Management LtdMacquarie Superannuation PlanMacquarie Super ConsolidatorSuper Investment Menu - Manager/Consolidator
Macquarie Investment Management LtdMacquarie Superannuation PlanMacquarie Super Consolidator IISuper Investment Menu - Manager/Consolidator

Non-platform EDP product performance

Non-platform externally directed products are standalone diversified investment offerings where the trustee or a connected entity of the trustee has no control over the management of investments and/or sets the strategic asset allocations of the product offering.

Non-platform EDP significant underperformers

RSE LicenseeRSE NameInvestment Option Name
Avanteos Investments LimitedColonial First State FirstChoice Superannuation TrustPendal Sustainable Balanced
Avanteos Investments LimitedColonial First State FirstChoice Superannuation TrustPerpetual Balanced Growth
Avanteos Investments LimitedColonial First State FirstChoice Superannuation TrustPerpetual Conservative Growth
Avanteos Investments LimitedColonial First State FirstChoice Superannuation TrustPerpetual Diversified Growth
Avanteos Investments LimitedColonial First State FirstChoice Superannuation TrustSchroder Real Return
Brighter Super TrusteeBrighter Super FundCapital Guarantee Accumulation Option
Equity Trustees Superannuation LimitedNational Mutual Retirement FundAccelerator Personal Superannuation Plan - Capital Guaranteed
Equity Trustees Superannuation LimitedNational Mutual Retirement FundAccelerator Personal Superannuation Plan - Fully Guaranteed
Equity Trustees Superannuation LimitedNational Mutual Retirement FundGoldline Personal Superannuation Plan - Listed Real Assets 3
Equity Trustees Superannuation LimitedNational Mutual Retirement FundPersonal Superannuation Bond - Capital Guaranteed
Equity Trustees Superannuation LimitedNational Mutual Retirement FundProvider Personal Retirement Plan - Conservative
Equity Trustees Superannuation LimitedNational Mutual Retirement FundProvider Personal Retirement Plan - Matched
Equity Trustees Superannuation LimitedNational Mutual Retirement FundProvider Top Up Retirement Plan - Conservative
Equity Trustees Superannuation LimitedNational Mutual Retirement FundProvider Top Up Retirement Plan - Matched
Equity Trustees Superannuation LimitedNational Mutual Retirement FundRetirement Bond - Conservative
Equity Trustees Superannuation LimitedNational Mutual Retirement FundRetirement Bond - Listed Property
Equity Trustees Superannuation LimitedNational Mutual Retirement FundRetirement Bond - Matched
Equity Trustees Superannuation LimitedNational Mutual Retirement FundRetirement Bond - Property Biased
Equity Trustees Superannuation LimitedNational Mutual Retirement FundRLA Personal Super Plan - Listed Property
Equity Trustees Superannuation LimitedPerpetual's Select Superannuation FundBalanced super option
Equity Trustees Superannuation LimitedPerpetual's Select Superannuation FundConservative super option
Equity Trustees Superannuation LimitedPerpetual's Select Superannuation FundGrowth super option
Equity Trustees Superannuation LimitedSuper Retirement FundCapital Guaranteed (Non Par)
Equity Trustees Superannuation LimitedSuper Retirement FundCapital Guaranteed (Non Par)
Equity Trustees Superannuation LimitedSuper Retirement FundCapital Guaranteed (Non Par)
Equity Trustees Superannuation LimitedSuper Retirement FundCapital Guaranteed (Non Par)
Equity Trustees Superannuation LimitedSuper Retirement FundCapital Guaranteed (Non Par)
Equity Trustees Superannuation LimitedSuper Retirement FundCapital Guaranteed (Non Par)
Equity Trustees Superannuation LimitedSuper Retirement FundCapital Guaranteed (Non Par)
Equity Trustees Superannuation LimitedSuper Retirement FundCapital Guaranteed (Non-participating)
Equity Trustees Superannuation LimitedSuper Retirement FundConservative 4
Legal Super Pty LtdlegalsuperBalanced Socially Responsible Accumulation
OnePath Custodians Pty LimitedRetirement Portfolio ServicePendal Monthly Income Plus
OnePath Custodians Pty LimitedRetirement Portfolio ServicePerpetual Balanced Growth
OnePath Custodians Pty LimitedRetirement Portfolio ServicePerpetual Conservative Growth
RSE LicenseeRSE NameProduct Name
Equity Trustees Superannuation LimitedAMG SuperAcclaim Super
Equity Trustees Superannuation LimitedAMG SuperAMG Personal
Equity Trustees Superannuation LimitedAMG SuperHejaz Islamic Super
Equity Trustees Superannuation LimitedSmart Future TrustAcenda Capital Guaranteed Personal Super

Footnotes