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

Search Results

Showing 1 - 10 of 17 results for "TDP"

Most read in 2025: Superannuation

ELIZA BAVIN  |  MONDAY, 22 DEC 2025
... Insignia Financial and Bendigo SmartStart were the only superannuation fund providers whose platform trustee-directed products (TDP) failed APRA's August performance test. Only seven out of the 563 products that APRA tested failed in its assessment ...

Morningstar calls out platform TDPs' use of rebates

KARREN VERGARA  |  MONDAY, 13 OCT 2025
Analysis by Morningstar calls out a significant number of platform trustee-directed products (TDPs) were able to pass the recent superannuation performance test by tweaking rebates. Morningstar's report Putting the performance test to the test shows ...

AMP, Insignia, Bendigo products fail super performance test

KARREN VERGARA  |  FRIDAY, 29 AUG 2025
... Insignia Financial and Bendigo SmartStart are the only superannuation fund providers whose platform trustee-directed products (TDP) failed APRA's latest performance test. Only seven out of the 563 products that APRA tested failed in its latest assessment ...

APRA calls out high-cost super platforms

ELIZA BAVIN  |  TUESDAY, 24 SEP 2024
The Australian Prudential Regulation Authority (APRA) has put superannuation platform products under the microscope, saying their higher fees and costs are eroding members' retirement savings. Platform TDPs charged higher administration fees and costs ...

All MySuper products pass super performance test

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
... objectives. This is very different for most members who are invested in default MySuper superannuation funds," Maloney said. The TDP platform sector has $18.8 billion in AUM, of which 90% or $17 billion passed the test. The 192 products are spread across ...

Super performance test needs personal rate of return: Adviser

KARREN VERGARA  |  THURSDAY, 15 AUG 2024
APRA's annual superannuation performance test fails to consider results where it truly matters - at the member level - and ends up missing the mark on ensuring positive member outcomes, according to a financial advice expert advocating for better ...

Performance test covers managed accounts, SMAs: APRA

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
... the beneficiary to be invested in a particular covered asset class in an investment option, then that product satisfies the TDP definition." Conversely, if a beneficiary can require the trustee of the fund to alter the covered class amount of the investment ...

Performance test needs better metrics, durability

KARREN VERGARA  |  MONDAY, 6 MAY 2024
... either join forces with another fund via a merger or close the options. The inaugural test for trustee-directed products (TDP) launched last year. Ninety-six TDPs failed the test, of which 20 were non-platform products and 76 were platform products. ...

Vanguard backs current performance test

ANDREW MCKEAN  |  FRIDAY, 19 APR 2024
championing its effectiveness in eliminating underperforming investment options and improving member outcomes. "At present, it is the only option presented that is objective, efficient, and timely to administer for both APRA and super funds and has ...

On-platform TDPs miss performance test benchmarks, worst on fees: APRA

ANDREW MCKEAN  |  WEDNESDAY, 29 NOV 2023
... despite a general decrease in fees for MySuper products, APRA said there remains room for further reductions; particularly for TDP offerings, where 53,000 member accounts, holding $1.1 billion in member assets, have administration fees exceeding the ...
PAGE:
1
PREVIOUS
NEXT