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Search ResultsShowing 1 - 10 of 17 results for "Heatmap"
Mercer restructures fees, asset allocation
KARREN VERGARA  |  TUESDAY, 1 DEC 2020
... recent super inquiry pulled up Mercer chief executive for Australia and Pacific zone leader David Bryant about the red heatmap rating APRA slapped across several high admin fee products. At the time, Bryant told Leigh that the super fund is in the process ...
Retail superannuation funds grilled on member priorities
KARREN VERGARA  |  TUESDAY, 24 NOV 2020
... complicated" to be judged using a specific benchmark and period of time in the market. Referencing APRA's inaugural heatmap, 18 of Mercer's SmartPath lifecycle products were deemed expensive, slugging low-balance members with admin fees of up ...
LGIAsuper alters asset allocations
KARREN VERGARA  |  TUESDAY, 10 NOV 2020
... scored amber ratings for the performance of its MySuper Lifecycle Under 75 product in APRA's first iteration of the MySuper heatmap, released late last year. Over a five-year period, LGIAsuper delivered net investment returns of 7.69% per year, but pitted ...
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 ...
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