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Showing 31 - 40 of 74 results for "Heatmap"

APRA releases annual corporate plan

CASSANDRA BALDINI  |  MONDAY, 8 AUG 2022
APRA published its updated plan to reinforce the financial soundness of the banking, insurance and superannuation industries over the next four years, with few surprises on offer. The priorities in APRA's new Corporate Plan for 2022-2023 are based ...

Initial review of RIC strategies underway

JAMIE WILLIAMSON  |  THURSDAY, 4 AUG 2022
... addressed. And while the expansion of the test to Choice products has been put on hold, APRA will release its second Choice heatmap this year, with Cole saying that about half of the worst performing Choice options highlighted last year have now closed ...

APRA to improve strategic planning, member outcomes rules

JAMIE WILLIAMSON  |  MONDAY, 1 AUG 2022
APRA is revisiting the design of its rules governing strategic planning and member outcomes in superannuation, including strengthening the way in which outcomes are assessed, closer monitoring of financial resources and new rules to follow when a MySuper ...

KPMG spotlights super's biggest challenges

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
... performance. KPMG claimed that an uptick in supervisory intensity on product performance via the annual performance test and 'heatmap' reporting had indeed resulted in trustees improving outcomes for members through fee reductions and better investment ...

Good isn't good enough for the super system: Byres

ANDREW MCKEAN  |  TUESDAY, 17 MAY 2022
At the FINSIA 'The Regulators' event, APRA chair Wayne Byres has detailed the regulator's foremost superannuation priorities. Australia's superannuation system is the envy of the world, but Byres said it could be better. Having initially praised the ...

Thirty-eight super funds face sustainability issues: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 30 MAR 2022
APRA has named the superannuation funds it believes face immediate sustainability 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 ...

APRA takes next step on super data

JAMIE WILLIAMSON  |  FRIDAY, 18 FEB 2022
The prudential regulator wants to begin publishing data on all superannuation products and investment options, commencing a new consultation today. Last year APRA undertook phase one of its data transformation which saw super trustees required to provide ...

APRA to continue scrutiny of trustees

JAMIE WILLIAMSON  |  WEDNESDAY, 2 FEB 2022
The prudential regulator has outlined its policy and supervision priorities for 2022, saying its prime focus is rectifying sub-standard industry practices and eradicating unacceptable product performance. Released yesterday, APRA said it will continue ...

Future Super hires operations chief

KARREN VERGARA  |  THURSDAY, 6 JAN 2022
... 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 ratings for failing to beat their benchmarks ...

Industry responds to heatmap findings

CHLOE WALKER  |  FRIDAY, 17 DEC 2021
... Trustees (AIST) general manager, advocacy Mel Birks responded in unison, saying she welcomed the release of the first Choice heatmap, and supports the increased transparency and disclosure that the heatmaps provide. "However, it is disturbing to see ...