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Showing 11 - 20 of 74 results for "Heatmap"

YFYS sanctions don't help existing members: ISA

CHLOE WALKER  |  THURSDAY, 27 APR 2023
... least capacity to recover from being sold a poor product," O'Halloran said. "In particular, we want to see APRA release heatmap data on retirement products and the government extend performance testing to these retirement products."

Equity Trustees, OnePath dominate choice heatmap failure

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
... OnePath options once again dominated the worst-performing and most expensive Choice products in APRA's newly published heatmap results. Of the 407 options with an eight-year return history APRA analysed, 182 or 45% underperformed the benchmark. APRA ...

Allan Gray transfers platform, exits super

JAMIE WILLIAMSON  |  MONDAY, 6 MAR 2023
Allan Gray Australia is exiting the platform market, inclusive of its superannuation offering, to focus on its core funds management business. Effective April, Allan Gray will transfer the Allan Gray Solutions platform to OneVue Wealth Services. The ...

CBA Group Super pursues merger with ART

ANDREW MCKEAN  |  WEDNESDAY, 22 FEB 2023
Commonwealth Bank Group Super has entered a Memorandum of Understanding to potentially merge with Australian Retirement Trust (ART). The merger would see Commonwealth Bank Group Super's 67,000 members and $12.3 billion funds under management (FUM) ...

Industry fund joins the million-member club

ANDREW MCKEAN  |  THURSDAY, 16 FEB 2023
... fund's strong track record of membership growth gives it a "fantastic foundation" from which to build. According to APRA heatmap data, HESTA ranked fifth by a measure of total accounts growth, for MySuper products, averaged over a three-year period. ...

APRA outlines 2023 super priorities

CHLOE WALKER  |  THURSDAY, 2 FEB 2023
... performance via the transparency provided on performance metrics in its MySuper and Choice Heatmaps. It will publish the heatmap, which is being updated using data submitted through the new APRA Connect system, for the first time in early 2023. Working ...

APRA slaps conditions on Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 JAN 2023
The regulator has placed additional conditions on the trustee's RSE licence, flagging serious concerns with Diversa's ability to manage risks and deliver quality outcomes for members. APRA explained that the new conditions are designed to address ...

AvSuper provides merger update, drops admin fees

JAMIE WILLIAMSON  |  TUESDAY, 10 JAN 2023
AvSuper confirmed its potential merger with Commonwealth Super Corporation is progressing, while also significantly reducing administration fees for members. Following an Expressions of Interest process, AvSuper signed a Memorandum of Understanding ...

SS&C launches super offering, secures Mine Super mandate

ANDREW MCKEAN  |  WEDNESDAY, 21 DEC 2022
... with access to leading technology capabilities that will help the fund deliver superior member outcomes. Last week, APRA heatmap data showed that Mine Super's MySuper product was poor performing in the context of a rolling eight-year benchmark. Further ...

Super heatmap findings garner mixed responses

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
... industry have questioned the performance evaluation methodology. Rainmaker Information executive director Alex Dunnin said heatmap assessment models may not be as useful as many industry observers once thought. "APRA's heatmaps are still struggling ...