WebApr 11, 2024 · Further, it's important to note that the heatmaps don't cover all Choice super products at present. APRA has plans to extend its coverage in coming years. Morelli says this is a positive step: "We know that among the high-fee products in the MySuper sector, fees have fallen significantly since the introduction of the heatmaps. WebThe Outcomes Assessment for the 2024 calendar year for the FCES MySuper and the FCES Choice offering concluded that overall the financial interests of members are being ... FCES passed APRA’s annual YFYS performance test for Financial Year 2024. However, APRA heatmap shows the investment returns for the FCES Representative Members across 3, 5 ...
Australia
WebSep 13, 2024 · APRA member Margaret Cole said the prudential regulator is finalising work on the second MySuper performance test. Following the inaugural performance test last August, it was revealed that 13 funds had failed, with Ms Cole saying that the upcoming results “raise the prospect of funds that fail for the second time having to close to […] WebApr 14, 2024 · 14 April 2024 MySuper HeatMap. The Australian Prudential and Regulatory Authority (APRA) is the body responsible for banking, insurance and superannuation businesses in Australia. In the super space they are endeavoring to improve outcomes for super members by eradicating poor performing funds and improving transparency across … batium 15 12 bedienungsanleitung
MySuper Product Heatmap APRA
WebDec 15, 2024 · The Australian Prudential Regulation Authority's 2024 MySuper Heatmap identified six default superannuation products that delivered significantly poor investment … WebDec 16, 2024 · 28 MySuper products have closed since APRA released the first heatmap in 2024. As a result, 1.5 million member accounts, containing $51.6 billion in member … WebDec 15, 2024 · This is the final Policy News for 2024. From everyone at AIST, have a safe and enjoyable Christmas and a happy new year. Policy News resumes in late January. Superannuation Policy News - 15 December 2024 APRA releases MySuper Heatmap ASIC calls out super trustees over complaints handling Customer service in super industry is … batium 15.24