MySuper Product Performance
MySuper products are default superannuation products with single, diversified investment strategies.
APRA’s MySuper product performance lookup tool enables users to interact with and compare investment returns, fees and performance test metrics across products.
Metric definitions
- RSE licensee
- RSE name
- MySuper product name
- Single strategy / Lifecycle indicator
- Lifecycle stage name
- Member assets ($'000)
As at 30 June 2024
- Proportion of total assets in MySuper
As at 30 June 2024
- Member accounts (rounded to nearest tenth)
As at 30 June 2024
- Strategic growth asset allocation
The allocation to growth assets as at 30 June 2024, based on strategic asset allocation data provided to APRA and a consistent definition of growth and defensive assets used for this analysis only.
- Performance Test measure
Legislated performance measure as at 30 June 2024. The performance measure includes an assessment of investment performance and administration fees.
- Pass / Fail indicator
The result of the annual Performance Test. If a product’s Performance Test measure is -0.50% or lower, the product fails the test. A product that fails in two consecutive years is labelled 'Fail - second consecutive time'.
- Lookback period (years)
The number of financial years of a product's performance history used to calculate the Performance Test measure.
- Actual return minus benchmark return
The investment return of the product relative to a benchmark portfolio based of the products reported strategic asset allocation.
- Representative administration fees and expenses (RAFE)
Administration fees, costs and taxes charged to a representative member with a $50,000 account balance over the year to 30 June 2024.
- Relevant benchmark representative administration fees and expenses (BRAFE)
The median of all representative administration fees and expenses for MySuper products.
- yfys_performance_test_indicator_filter
- yfys_performance_test_indicator_filter_second_fail
- 10 year Net Investment Return (NIR) p.a.
As at 30 June 2024. Colours are applied based on the level of relative performance to the appropriate reference point in the NIR / growth asset allocation trend line and in line with the colour scale below:
- 10 year NIR relative to SAA Benchmark Portfolio p.a.
As at 30 June 2024. Colours are applied based on the level of relative performance to the SAA Benchmark Portfolio and in line with the colour scale below:
- 10 year NIR relative to Simple Reference Portfolio p.a.
As at 30 June 2024. Colours are applied based on the level of relative performance to the Simple Reference Portfolio and in line with the colour scale below:
- 10 year Net Return ($50,000 rep member) p.a.
As at 30 June 2024. Colours are applied based on the level of relative performance to the appropriate reference point in the Net Return / growth asset allocation trend line and in line with the colour scale below:
- 7 year Net Investment Return (NIR) p.a.
As at 30 June 2024. Colours are applied based on the level of relative performance to the appropriate reference point in the NIR / growth asset allocation trend line and in line with the colour scale below:
- 7 year NIR relative to SAA Benchmark Portfolio p.a.
As at 30 June 2024. Colours are applied based on the level of relative performance to the SAA Benchmark Portfolio and in line with the colour scale below:
- 7 year NIR relative to Simple Reference Portfolio p.a.
As at 30 June 2024. Colours are applied based on the level of relative performance to the Simple Reference Portfolio and in line with the colour scale below:
- 7 year Net Return ($50,000 rep member) p.a.
As at 30 June 2024. Colours are applied based on the level of relative performance to the appropriate reference point in the Net Return / growth asset allocation trend line and in line with the colour scale below:
- 5 year Net Investment Return (NIR) p.a.
As at 30 June 2024. Colours are applied based on the level of relative performance to the appropriate reference point in the NIR / growth asset allocation trend line and in line with the colour scale below:
- 5 year NIR relative to SAA Benchmark Portfolio p.a.
As at 30 June 2024. Colours are applied based on the level of relative performance to the SAA Benchmark Portfolio and in line with the colour scale below:
- 5 year NIR relative to Simple Reference Portfolio p.a.
As at 30 June 2024. Colours are applied based on the level of relative performance to the Simple Reference Portfolio and in line with the colour scale below:
- 5 year Net Return ($50,000 rep member) p.a.
As at 30 June 2024. Colours are applied based on the level of relative performance to the appropriate reference point in the Net Return / growth asset allocation trend line and in line with the colour scale below:
- 3 year Net Investment Return (NIR) p.a.
As at 30 June 2024. Colours are applied based on the level of relative performance to the appropriate reference point in the NIR / growth asset allocation trend line and in line with the colour scale below:
- 3 year NIR relative to SAA Benchmark Portfolio p.a.
As at 30 June 2024. Colours are applied based on the level of relative performance to the SAA Benchmark Portfolio and in line with the colour scale below:
- 3 year NIR relative to Simple Reference Portfolio p.a.
As at 30 June 2024. Colours are applied based on the level of relative performance to the Simple Reference Portfolio and in line with the colour scale below:
- 3 year Net Return ($50,000 rep member) p.a.
As at 30 June 2024. Colours are applied based on the level of relative performance to the appropriate reference point in the Net Return / growth asset allocation trend line and in line with the colour scale below:
- Administration fees and costs charged ($10,000 account balance)
Over the year to 30 June 2024. Colours are applied based on the administration fees and costs charged for the representative account balance in line with the colour scale below:
- Administration fees and costs charged ($25,000 account balance)
Over the year to 30 June 2024. Colours are applied based on the administration fees and costs charged for the representative account balance in line with the colour scale below:
- Administration fees and costs charged ($50,000 account balance)
Over the year to 30 June 2024. Colours are applied based on the administration fees and costs charged for the representative account balance in line with the colour scale below:
- Administration fees and costs charged ($100,000 account balance)
Over the year to 30 June 2024. Colours are applied based on the administration fees and costs charged for the representative account balance in line with the colour scale below:
- Administration fees and costs charged ($250,000 account balance)
Over the year to 30 June 2024. Colours are applied based on the administration fees for the representative account balance in line with the colour scale below:
- Total fees and costs charged ($10,000 account balance)
Over the year to 30 June 2024. Based on administration, advice, investment and transaction fees and costs charged net of tax reported to APRA.
- Total fees and costs charged ($25,000 account balance)
Over the year to 30 June 2024. Based on administration, advice, investment and transaction fees and costs charged net of tax reported to APRA.
- Total fees and costs charged ($50,000 account balance)
Over the year to 30 June 2024. Based on administration, advice, investment and transaction fees and costs charged net of tax reported to APRA.
- Total fees and costs charged ($100,000 account balance)
Over the year to 30 June 2024. Based on administration, advice, investment and transaction fees and costs charged net of tax reported to APRA.
- Total fees and costs charged ($250,000 account balance)
Over the year to 30 June 2024. Based on administration, advice, investment and transaction fees and costs charged net of tax reported to APRA.
* If a product has a performance history of less than seven years, the product has met the requirements of the performance test, unless APRA issues a determination under regulation 9AB.10(4) to calculate a performance test measure for the product.
† The net investment returns for this product are reported gross of tax and therefore are not comparable to other products
Assets and Member accounts include all accumulation members who access investment options underpinning a MySuper product.
APRA MySuper Product Performance Tool Disclaimer and Terms of Use
The Australian Prudential Regulation Authority (APRA) is an Australian Government statutory authority that supervises institutions across banking, insurance and superannuation and promotes financial system stability in Australia. As part of APRA’s role, APRA makes publications including on statistics for the financial sector.
- The MySuper Product Performance Tool (“the Product Performance Tool”) utilises asset allocation, investment return and fee data provided to APRA by regulated RSE licensees. Superannuation RSE licensees are responsible for ensuring they report accurate data to APRA. APRA has taken reasonable steps to ensure the accuracy of metrics in the Product Performance Tool publication, and will endeavour to liaise with an entity directly if it identifies potential concerns regarding data quality. APRA believes that the MySuper Product Performance Tool is a useful tool supporting transparency in superannuation and provides valuable insights for Australian superannuation members and the industry.
- The listing of a MySuper product in the Product Performance Tool, regardless of the set of ‘heat’ colours attributed to that MySuper product, in no way implies any form of APRA endorsement or advice. It should not be taken as such. You will need to exercise your own skill and care with respect to your use of the Product Performance Tool. The Product Performance Tool is not a substitute for independent professional advice and you should always obtain any appropriate professional advice relevant to your particular circumstances.
- APRA will take reasonable actions to ensure the Product Performance Tool is not compromised with bugs, trojan horses, spyware or adware. APRA accepts no liability or responsibility for any interference with or damage to your computer, software or data occurring as a result of access to, or use of, the Product Performance Tool.
- By accessing the Product Performance Tool you agree to the APRA’s terms and conditions of use.
© Australian Prudential Regulation Authority 2024.
MySuper significant underperformers
Significantly poor investment performance (10-year)
| RSE licensee | RSE name | Product name |
|---|---|---|
| Bendigo Superannuation Pty Ltd | The Bendigo Superannuation Plan | Bendigo MySuper |
Significantly higher administration fees
| RSE licensee | RSE name | Product Name |
|---|---|---|
| Diversa Trustees Limited | OneSuper | Smartsave Complete Super MySuper |
| Equity Trustees Superannuation Limited | Smart Future Trust | smartMonday PRIME - MySuper |
| I.O.O.F. Investment Management Limited | IOOF Portfolio Service Superannuation Fund | IOOF MySuper |
| Prime Super Pty Ltd | Prime Super | MySuper |
Key documents
- Insights paper - APRA has published an Insights Paper to illustrate the key insights from the data in the Comprehensive Product Performance Package, in particular identifying improvements to outcomes delivered to members and highlighting areas of poor performance.
- Methodology paper - APRA has also provided an information paper on the methodology used to produce the Comprehensive Product Performance Package.
Related links
- CPPP FAQs - includes both general information and answers to a number of technical questions.
- Heatmap archived documents and information - the central location for all documents related to previous iterations of the heatmap.