APRA publishes new frequently asked questions on Your Future, Your Super performance test
The Australian Prudential Regulation Authority (APRA) has published two new frequently asked questions (FAQs) to provide further general guidance on the Government’s Your Future, Your Super performance test.
The new FAQs provide:
- APRA’s intentions to publish the 2020-21 performance test values for all MySuper products; and
- the benchmark representative administration fees and expenses (RAFE) used for the 2020-21 performance test.
The FAQs are available on the APRA website at: Your Future, Your Super Frequently Asked Questions.
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Contact APRA Media Unit, on +61 2 9210 3636
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For more information contact APRA on 1300 558 849.
The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.