MySuper product heatmap
APRA Member Margaret Cole – Remarks to the Association of Superannuation Funds of Australia webinar
… heatmaps. It is the third year that we’ve released a MySuper heatmap, and for the first time we’ve also released a heatmap … that arrived in September telling them that their MySuper product had failed the test. Some members have been …
A message from APRA Deputy Chair Helen Rowell
… Helen Rowell APRA has now published its much anticipated MySuper Heatmap , ushering in a new era of transparency and … it publicly reveals APRA’s assessment of every MySuper product in two areas: investment performance, and fees and …
Comprehensive Product Performance Package FAQs
… Breadcrumb Home Search Content Comprehensive Product Performance Package FAQs These frequently asked … in some instances a ‘heat’ colour scale to show how well a MySuper product, Choice investment option or Choice … costs, the colours have been applied slightly differently. MySuper Products and Choice investment pathways with lower …
Opening Statement to Senate Economics Legislation Committee - February 2022
… And in superannuation, we released the third annual MySuper Heatmap, and complemented it with our first Heatmap for … Heatmaps work to increase transparency of superannuation product performance, and intensify the spotlight being shone …
Superannuation
… Your Future, Your Super Your Future, Your Super About the MySuper Product Heatmap About the MySuper Product Heatmap Lost members and …
APRA Deputy Chair Helen Rowell - Speech to the 2019 ASFA Conference
… the net returns achieved by members of the top performing MySuper products versus those at the bottom, and also in the … Galvanised into action In a few weeks APRA will publish a heatmap that provides insights into the outcomes being delivered by every MySuper product across three key areas: investment performance, fees …
APRA urges super members to prioritise their own best financial interests
… is urging superannuation members – especially those whose MySuper products failed the recent performance test – to more … despite receiving letters notifying them that their product was officially underperforming. APRA released the … products, APRA will release its first Choice Product Heatmap next month, which will deliver clear, credible and …
APRA releases performance metrics and insights package to improve transparency in superannuation
… Authority (APRA) has released a comprehensive package of product performance metrics and insights to increase … focus on improving member outcomes. APRA’s Comprehensive Product Performance Package, or CPPP, brings together the … and APRA’s superannuation heatmaps. The CPPP covers 876 MySuper and choice products which, collectively, represent …
Response to submissions – Proposed revisions to SPG 516
… assessment in 2020, covering all or a subset of its MySuper and choice products. For most RSE licensees the … published an information paper on its forthcoming MySuper heatmap publication, which will be released in December 2019, … the final SIS Regulations defining a comparable choice product, it is not possible for an RSE licensee to undertake …
Outcomes assessment under s. 52(9) of the Superannuation Industry (Supervision) Act 1993 - frequently asked questions
… annual outcomes assessment. These provisions apply to MySuper products and to certain choice products, i.e. … 4.01A require an RSE licensee to compare their MySuper product and relevant choice products to the performance test … the receiving fund. 3. How should RSE licensees use APRA’s heatmap publication in undertaking the outcomes assessment? …
Letter to the Senate Economic Legislation Committee’s Inquiry into the Treasury Laws Amendment (Your Future, Your Super) Bill 2021
… from the Productivity Commission and leverage APRA’s MySuper Product Heatmap, adding clear benchmarks with consequences should …
APRA information papers
… Published 13 November 2024 Insights Paper - Comprehensive Product Performance Package Published 24 September 2024 … Published 3 October 2023 Information paper - Combining MySuper product performance histories – APRA’s approach - … PDF 677.76 KB Published 21 December 2020 MySuper Product Heatmap - Insights Paper PDF 2.23 MB Updated 21 December 2020 …
APRA releases new insights on superannuation performance
… Authority (APRA) has published new data on superannuation product performance, which sheds further light on the … test data to analyse fees and investment returns across MySuper and trustee directed products (TDPs), a subset of the … of scale that exist in superannuation; and while most MySuper products and non-platform trustee directed products …
APRA Insight - Issue Four 2020
… APRA will unveil the first full refresh of the MySuper Product Heatmap that it launched a year ago. As in 2019, the Heatmap …
Implementation of Your Future, Your Super reforms
… test The performance test applies from 1 July 2021 to MySuper products, and from 1 July 2022 to trustee-directed … greater transparency and increased consequences. Where a product fails the performance test in two consecutive years, … legal and prudential obligations for performance. The next heatmap to be published will be a new Choice Product Heatmap …
Small and medium super funds face sustainability challenges
… Analysis of the sustainability 1 metrics in the 2021 MySuper and Choice heatmaps 2 , published today, confirms the … members: Mergers since the release of the first MySuper Heatmap in 2019 have delivered a combined total fee savings … (or $60 per account). Simplification programs, including product consolidations, have delivered fee savings to …
Opening Statement to Senate Economics Legislation Committee - June 2021
… industry practices and eliminating unacceptable product performance remains a key focus for APRA. We believe … the fees they pay. As an example, since the first My Super heatmap in December 2019 and the update a year later, 71 per cent of MySuper members saw a reduction in fees and costs, with an …
Consultation on minor amendments to Prudential Standard SPS 310 Audit and Related Matters
… YFYS performance test and will also be published in APRA’s Heatmap. Most of the new reporting standards that necessitate … independent assurance will replace equivalent RSE and MySuper product level reporting after a short period of parallel …
APRA Deputy Chair Helen Rowell - Speech to AIST 2020 Trustee Forum
… of trustees (across all industry segments, and both MySuper and choice products), we recently completed a … determined the peer products to be used for their choice product assessments. This will also assist the trustee to … its members. Work is well advanced to create a “choice” heatmap to sit alongside the existing MySuper Product Heatmap …
APRA Deputy Chair Helen Rowell - Speech to the Australian Institute of Superannuation Trustees Chairs Forum
… heatmaps providing our assessment of performance for all MySuper products. This initiative is designed to provide … over time. We’ve previously flagged the four areas the heatmap will cover, namely investments, fees and costs, … you is that the heatmap will not include a single, overall product level assessment. Rather, the heatmap will display …