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Showing 1 - 10 of 49 results for %22MySuper Heatmap%22

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... concerns. Applying the test to platform products is "ill-conceived", he said, adding that the methodology designed for MySuper, where members have one product, is in stark contrast to platforms members utilise to access multiple investment options. "The ...

YFYS sanctions don't help existing members: ISA

CHLOE WALKER  |  THURSDAY, 27 APR 2023
... their 'significantly' high administration fees, and the median Choice administration fee is far higher than the median MySuper administration fees. "Yet the government recently decided to carve out of historical administration fees from the YFYS performance ...

CBA Group Super pursues merger with ART

ANDREW MCKEAN  |  WEDNESDAY, 22 FEB 2023
... leading into and during their retirement." As previously reported by Financial Standard, APRA heatmaps said the bank's MySuper option had significantly poor performance in relation to the benchmark. The fund's total accounts growth rate (three-year ...

Industry fund joins the million-member club

ANDREW MCKEAN  |  THURSDAY, 16 FEB 2023
... foundation" from which to build. According to APRA heatmap data, HESTA ranked fifth by a measure of total accounts growth, for MySuper products, averaged over a three-year period. Accounting for some of this growth, HESTA completed its merger with Mercy ...

APRA outlines 2023 super priorities

CHLOE WALKER  |  THURSDAY, 2 FEB 2023
... account in addressing drivers of poor product performance via the transparency provided on performance metrics in its MySuper and Choice Heatmaps. It will publish the heatmap, which is being updated using data submitted through the new APRA Connect system ...

AvSuper provides merger update, drops admin fees

JAMIE WILLIAMSON  |  TUESDAY, 10 JAN 2023
... balance. Meanwhile, income stream members will pay $26 plus 0.17% of their account balance. The reduction came as the fund's MySuper option was highlighted by the annual APRA heatmaps for its high total fees. The total fees disclosed on a $50,000 account ...

SS&C launches super offering, secures Mine Super mandate

ANDREW MCKEAN  |  WEDNESDAY, 21 DEC 2022
... capabilities that will help the fund deliver superior member outcomes. Last week, APRA heatmap data showed that Mine Super's MySuper product was poor performing in the context of a rolling eight-year benchmark. Further, regarding the sustainability ...

Super heatmap findings garner mixed responses

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
... research houses have reacted to findings about Australia's best and worst performing super funds. APRA heatmaps for MySuper products were released yesterday, exposing many sub-par products, but some in the industry have questioned the performance ...

What you read in 2022

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
... 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, cash flows and rollovers. The regulator found administration and operating expenses ...

Mine Super and TWUSUPER explore merger

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
... funds singing this MoU. Yesterday, as reported by Financial Standard, according to APRA heatmap data, Mine Super's MySuper product was said to be poor performing in the context of Heatmap benchmarks over eight years. Pertaining to the sustainability ...
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