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.
APRA’s Comprehensive Product Performance Package increases transparency of superannuation product performance for 742 MySuper and choice product offerings which, collectively, represent most types of investment offerings for accumulation members.
The package brings together the product performance metrics underpinning the legislated performance test and APRA’s superannuation heatmaps. The package includes a key insights slide pack, insights paper, statistical publications and methodology paper.
APRA has released insights outlining some of the challenges trustees face in promoting member outcomes over a longer term.
This publication supports trustees with their strategic and business planning under the recently refreshed SPS 515 Strategic Planning and Member Outcomes. It also provides transparency on some of the key considerations APRA takes into account when assessing a trustee's ability to deliver for their members into the future.
This release builds on the sustainability metrics previously covered in APRA's Superannuation Heatmaps.
APRA releases statistical publications on a quarterly and annual basis that provide transparency at a fund and/or product level.
The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $10.6 trillion in assets for Australian depositors, policyholders and superannuation fund members.
