Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 49 results for %22MySuper Heatmap%22

MySuper heatmap reveals sub-par products

ANDREW MCKEAN  |  THURSDAY, 15 DEC 2022
The annual MySuper heatmap shows there are six products that had significantly poor performance in relation to the benchmark. EISS Super's MySuper option, Colonial First State FirstChoice Employer Super, BT Super MySuper, Westpac Group Plan MySuper ...

APRA proposes changes to successor fund transfers

ANDREW MCKEAN  |  FRIDAY, 11 NOV 2022
... undertake a complete or partial transfer of members. The regulator also flagged new requirements relating to the transfer of MySuper product assets, in the event of cancellation of an authority to offer a MySuper product. The discussion paper noted that ...

First Super: Merger pressure fizzles out

ELIZABETH FRY  |  FRIDAY, 7 OCT 2022
... 1% for the current financial year compared to the median industry return of -3.7%. The fund ranks in the top five for MySuper/default options over one year. This is confirmed by new data from Frontier Advisors which concludes that asset allocation was ...

APRA releases annual corporate plan

CASSANDRA BALDINI  |  MONDAY, 8 AUG 2022
... scrutinising Choice products. It aims to do this with the Your Future, Your Super performance test and continuing to publish its MySuper and Choice heatmaps to support improved transparency, accountability and decision-making. It also looks to strengthen ...

APRA to improve strategic planning, member outcomes rules

JAMIE WILLIAMSON  |  MONDAY, 1 AUG 2022
... strengthening the way in which outcomes are assessed, closer monitoring of financial resources and new rules to follow when a MySuper authorisation is cancelled. Prudential Standard SPS 515 Strategic Planning and Member Outcomes (SPS 515) came into effect ...

Thirty-eight super funds face sustainability issues: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 30 MAR 2022
... issues, with 38 of 78 funds declining on all metrics measured. APRA looked at the three sustainability metrics in the 2021 MySuper and Choice heatmaps; member accounts, cash flows and rollovers. The regulator found administration and operating expenses ...

APRA takes next step on super data

JAMIE WILLIAMSON  |  FRIDAY, 18 FEB 2022
... to APRA, across all superannuation product and investment options; currently, it only publishes product-level data for MySuper products. Now, APRA wants to begin publishing that enhanced data collection and, in a new discussion paper, has outlined what ...

APRA to continue scrutiny of trustees

JAMIE WILLIAMSON  |  WEDNESDAY, 2 FEB 2022
... with a view to developing new requirements to apply from 2023 in the event of cancellation of an authority to offer a MySuper product, it said. Prudential Standard SPS 515 Strategic Planning and Member Outcomes (SPS 515) and associated guidance will ...

Industry responds to heatmap findings

CHLOE WALKER  |  FRIDAY, 17 DEC 2021
... fund, 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 ...

MySuper heatmap offers few surprises

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
The annual MySuper heatmap shows 45% of products delivered returns below benchmark this year but there are few surprises, with most being the same products that failed the performance test. The regulator has also shared which funds came close to failing ...