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

Search Results

Showing 61 - 70 of 74 results for "Heatmap"

APRA highlights heatmaps success

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 OCT 2020
... superannuation products that are underperforming in the areas of investment returns and fees," APRA said. "The first MySuper heatmap was published in December 2019, with an updated version published in June 2020 to reflect changes to fees and costs since ...

Proposed changes ahead for APRA's heatmaps

ANNABELLE DICKSON  |  TUESDAY, 13 OCT 2020
The Australian Prudential Regulation Authority is considering making changes to its MySuper Heatmap to reflect the reforms proposed by the government in the federal budget. Speaking at the Australian Institute of Superannuation Trustees Online Chair ...

MySuper funds face new test, member bans

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
Any MySuper products that fail a new APRA-administered annual test twice in a row will not be allowed to receive any new members until they improve their performance. The prudential regulator will conduct benchmarking tests on the net investment performance ...

Super fund overhauls performance on red rating

KARREN VERGARA  |  TUESDAY, 15 SEP 2020
... products were criticised for their unsatisfactory investment performance and relatively high fees based on APRA's heatmap metrics. Maritime Super, LUCRF Super, and several BT Funds Management products such as Asgard's Employee MySuper, BT Super ...

Super fund expands investment exclusions

ELIZA BAVIN  |  FRIDAY, 4 SEP 2020
... classification in the asset classes of property and infrastructure has been updated to align with the APRA Information Paper Heatmap - MySuper products"released in November 2019 Finally, from 1 October 2020, information about HESTA's foreign currency ...

APRA reviews priorities in super

KARREN VERGARA  |  TUESDAY, 1 SEP 2020
Unlisted asset valuations, early release of superannuation and heatmaps are some of the key areas APRA will prioritise over the next 12-18 months. COVID-19 has forced APRA to reassess the urgency of a number of key initiatives affecting superannuation ...

New platform launches for super funds

ELIZA BAVIN  |  MONDAY, 10 AUG 2020
... increasingly vocal super stakeholders including members, politicians and regulators, with APRA's controversial MySuper Product Heatmap a prime example. "APRA is using the Heatmap to highlight funds that they believe are either delivering poor net-of-tax ...

Equipsuper, corporate fund merge

JAMIE WILLIAMSON  |  WEDNESDAY, 1 JUL 2020
... 1.93%. With Equip, they will pay about 0.96%. These fees saw PRP receive a crimson rating from APRA in yesterday's heatmap update for landing above the threshold level for significant underperformance. Equip is set to merge with Catholic Super, having ...

APRA heatmap sees members save on fees

JAMIE WILLIAMSON  |  TUESDAY, 30 JUN 2020
... MySuper members have been spared more than $100 million in fees in the last six months thanks to the introduction of its heatmap. Updating its MySuper heatmap to reflect changes in the fees charged, APRA said products with 6.1 million MySuper members ...

APRA releases MySuper heat map

HARRISON WORLEY  |  TUESDAY, 10 DEC 2019
... them to consider a merger or exit the industry. "However, no-one should be complacent. We expect all trustees to use the heatmap to reflect on the drivers of their current performance, and identify where they can do better." APRA said an information ...