WebAug 31, 2024 · The Australian Prudential Regulation Authority (APRA) has released the results of the second MySuper performance test. APRA assessed 69 MySuper products with at least five years of performance history against an objective benchmark that assesses two components: investment performance, and fees and costs. Five products failed to meet … WebJan 17, 2024 · The MySuper heatmap was first published in 2024 and by December 2024 APRA said 28 products had closed, with 1.5 million member accounts (containing $51.6 billion in member benefits) transferred to other products. APRA’s Deputy Chair Margaret Cole said the MySuper heatmap was an important tool for “eradicating unacceptable …
APRA publishes new FAQs on the 2024 MySuper Product …
WebDec 16, 2024 · About 45% of MySuper products (31 out of 69) delivered returns below APRA’s heatmap benchmarks; Twenty-two MySuper products have closed since the release of the first MySuper Heatmap; of those 22 products, three failed the Your Future, Your Super performance test in 2024; Investment returns are the primary driver of underperformance; … WebApr 7, 2024 · Margaret Cole says the pressure on trustees from the 2024 Choice Heatmap will lead to the removal of weaker performing products and drive better returns and transparency for members. ... The prudential regulator has published its annual MySuper heatmap along with the first Choice heatmap. 19 November 2024. tech layoffs in seattle
www.apra.gov.au
http://www.mysuper.net/ WebDec 17, 2024 · APRA – Choice and MySuper Heatmap released. On 16 December 2024, APRA published its first choice product heatmap, as well as the annual MySuper heatmap. According to APRA, its data analysis shows that: ‘45 per cent of MySuper products (31 out of 69) delivered returns below APRA’s heatmap benchmarks’; WebHeatmap was driven by reductions of $482 million in investment fees and indirect cost ratios (ICR). This was offset by a $74 million increase in administration fees. - Approximately … tech layoffs in san francisco june 2022