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

Search Results

Showing 41 - 50 of 74 results for "Heatmap"

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 ...

Choice products not so choice: APRA

CHLOE WALKER, KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... regulator slapped retail and industry superannuation funds alike with the lowest grade possible in its inaugural Choice heatmap. Perpetual WealthFocus' Diversified Income Fund was the worst-performing option based on a seven-year period, delivering ...

APRA to disclose MySuper product YFYS test values

JAMIE WILLIAMSON  |  THURSDAY, 4 NOV 2021
... 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 the MySuper product heatmap, due to be released in December ...

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 ...

APRA leaves door open for benchmark tweaks

KANIKA SOOD  |  WEDNESDAY, 1 SEP 2021
... superannuation funds and their consultants. "We know it [index for unlisted assets] is not perfect," she said. "When we put out our heatmap, we used listed indices because we couldn't find a decent unlisted index. A number of suggestions were put ...

Greater scrutiny of choice products needed: Scheerlinck

JAMIE WILLIAMSON  |  TUESDAY, 31 AUG 2021
... Choice products are also escaping any real scrutiny when it comes to the regulator's heatmaps, with APRA's first heatmap covering the choice sector only looking at 127 products and 788 investment products. This, despite there being an estimated ...

Consumer group slams super self-assessments

ELIZABETH MCARTHUR  |  MONDAY, 30 AUG 2021
Super Consumers Australia has slammed super funds' member outcomes assessments (MOAs), finding several funds claiming to be acting in members' best interests even when fees are high and performance is lacklustre. Super Consumers Australia looked ...

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

KANIKA SOOD  |  MONDAY, 9 AUG 2021
In final YFYS regulations released last week, the government now wants super fund to be only tested on last year's administration fees instead of eight years' average in the APRA performance test. The last minute changes to the Your Future ...

First YFYS performance test results weeks away

KANIKA SOOD  |  MONDAY, 2 AUG 2021
... the YFYS performance test despite Labor's push to do so. This will be followed by the third annual MySuper Product Heatmap in December.

Rise of the mega funds continues

ANNABELLE DICKSON  |  MONDAY, 3 MAY 2021
... 2019/20, the number of APRA-regulated funds dropped from 171 to 154. In addition, KPMG believes the ongoing impact of APRA's heatmap will continue to drive mergers while the Your Future, Your Super measures will drive flows to mega funds because of their ...