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Showing 21 - 30 of 49 results for %22MySuper Heatmap%22

Choice products not so choice: APRA

CHLOE WALKER, KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... represents the first time the performance of this segment of the market has been exposed to such public scrutiny. The MySuper Heatmap, meanwhile, which was first published in 2019, has been expanded to include each product's assessment result received ...

APRA to disclose MySuper product YFYS test values

JAMIE WILLIAMSON  |  THURSDAY, 4 NOV 2021
... frequently asked questions (FAQs) on the Your Future, Your Super performance test, APRA has confirmed it will publish each MySuper products' test value in the December heatmap. APRA said it intends to publish the performance test values as part of ...

APRA to weed out underperforming choice products

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
Choice products charge significantly higher and tend to 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 ...

Greater scrutiny of choice products needed: Scheerlinck

JAMIE WILLIAMSON  |  TUESDAY, 31 AUG 2021
... results as a good first step in improving transparency for members but urged for greater focus on poor performing, non-MySuper products. This would "ensure that every Australian could get transparency on where their super fund sits compared to others" ...

Consumer group slams super self-assessments

ELIZABETH MCARTHUR  |  MONDAY, 30 AUG 2021
... promoted. Maritime Super, meanwhile, commenced a new strategy on 1 December 2019 and therefore did not highlight its previous MySuper underperformance. Super Consumers Australia suggested, although it was positive that Maritime Super had committed to ...

Final YFYS regulations out, government "backflips" on admin fees

KANIKA SOOD  |  MONDAY, 9 AUG 2021
... changed their fees in the recent years, as APRA heatmaps brought attention to them. As an example, Mine Super reduced its MySuper administration fees by a whopping 50%, dropping to $52 per year from $104. ISA said the administration fees are "huge performance ...

First YFYS performance test results weeks away

KANIKA SOOD  |  MONDAY, 2 AUG 2021
... August 31 under the new Your Future, Your Super reforms, according to an APRA letter sent Friday. The first round covers MySuper products alone. Trustee-directed products will face the test from July 2022. In the July 30 letter, APRA said ahead of undertaking ...

Suncorp divests super unit to industry fund

KARREN VERGARA  |  WEDNESDAY, 28 APR 2021
... benefits from members, not being transparent about intra-company payments and dragging its feet in transitioning members to MySuper. Its lifestage funds copped red ratings in APRA's 2020 heatmap for charging as much as 1.68% in exorbitant administration ...

Super assets hit record high

KARREN VERGARA  |  WEDNESDAY, 3 MAR 2021
... assets of $58 billion slowing down by 4% year on year. Public-sector funds increased by 6% to $552.6 billion. There were 96 MySuper products at the end of last year, 12 less than the prior year, thanks to APRA's heatmap weeding out underperformers. ...

Equipsuper merges with corporate fund

KARREN VERGARA  |  WEDNESDAY, 24 FEB 2021
... The number of employees was slashed from 3900 people to just 1300 at the time. At the end of FY20, Toyota Super's MySuper option returned -0.80% per annum; over five and 10 years it generated 5.2% p.a. and 7.3% p.a. respectively. The product has ...