APRA releases updated ‘MySuper’ (default fund) HEATMAP – which have been useful in eradicating poor performance and holding trustees to account

Tax Month - January 2023

On 15 December the Australian Prudential Regulation Authority (APRA) released its 2022 MySuper (default fund) Heatmap together with the following ‘Media Release‘. See, also, related TT article with details about ‘the good, the bad and the ugly’ (to borrow a phrase). The heatmap evaluates every MySuper superannuation product’s performance in the areas of investment returns, fees and…

APRA’s December 2022 superannuation fund performance ‘heat map’ – see which ‘default funds’ are good and bad

Tax Month - January 2023

On 15 December 2022, APRA released its annual superannuation fund ‘heat map’ providing detailed information and ranking superannuation funds. At the same time, it issued a ‘Media Release’ (see related TT article). It seems that ‘for profit’ funds and trustees are overly represented in those that are performing poorly. The following is based on an…