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Showing 11 - 20 of 25 results for %22Choice Product Heatmap%22

APRA takes next step on super data

JAMIE WILLIAMSON  |  FRIDAY, 18 FEB 2022
... better informed decisions by providing a more complete picture of the industry." She added that, alongside the MySuper and Choice heatmaps and Your Future, Your Super performance test, increased transparency will benefit members by making it even clearer ...

APRA to continue scrutiny of trustees

JAMIE WILLIAMSON  |  WEDNESDAY, 2 FEB 2022
... these reviews, APRA will undertake a gap analysis. It will also continue placing pressure on underperforming funds, saying Choice products will also now be scrutinised following their inclusion in the heatmaps in December. APRA said it is also assessing ...

Future Super hires operations chief

KARREN VERGARA  |  THURSDAY, 6 JAN 2022
... officer at Australian Ethical. Future Super recently acquired Aon's superannuation business, smartMonday, a choice product that failed APRA's inaugural choice heatmap assessment. smartMonday DIRECT and smartMonday PRIME scored several amber and red ...

Industry responds to heatmap findings

CHLOE WALKER  |  FRIDAY, 17 DEC 2021
... though there's still doubts as to the accuracy of the regulator's process. The release of the APRA heatmaps for MySuper and Choice investment products yesterday has underscored the importance of ensuring consumers can access affordable financial advice ...

MySuper heatmap offers few surprises

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... Accumulate Plus Balanced, EISS Super's MySuper option, LUCRF Super's MySuper Balanced, Maritime Super MySuper, ANZ Smart Choice Super, Australian Catholic Superannuation and Retirement Fund's LifetimeOne and the Incitec Pivot Employees Superannuation ...

Choice products not so choice: APRA

CHLOE WALKER, KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... Management failing over a seven-year period also feature prominently on the heatmap. Overall, APRA's first Choice product heatmaps show that an overwhelming 60% are underperforming and many charge members high fees for no value. The prudential regulator ...

APRA to disclose MySuper product YFYS test values

JAMIE WILLIAMSON  |  THURSDAY, 4 NOV 2021
... to learn and open to improve. Next year we're going to have to do it not for 80 MySuper products but for maybe 1000 choice products so you know we are interested in how we're going to run this again next year and what we could do differently. ...

APRA to weed out underperforming choice products

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
... underperform compared to MySuper options, new analysis by APRA finds. Ahead of unveiling the inaugural Choice Product Heatmap, the prudential regulator released staggering statistics that will force superannuation trustees to lift their game and expose ...

Greater scrutiny of choice products needed: Scheerlinck

JAMIE WILLIAMSON  |  TUESDAY, 31 AUG 2021
... a fund to have passed the test before a member can be stapled to it," Scheerlinck said. Under the current legislation, choice funds - representing millions of Australians and containing more than $500 billion in assets - are exempt from performance testing. ...

First YFYS performance test results weeks away

KANIKA SOOD  |  MONDAY, 2 AUG 2021
... failing again the following APRA will continue to publish its heatmaps with the next one out in November and will include Choice products (which are not subject to the YFYS performance test despite Labor's push to do so. This will be followed by ...