Superannuation product performance
APRA’s Comprehensive Product Performance Package (CPPP) increases transparency of superannuation performance. The package brings together the product performance metrics underpinning the legislated performance test and APRA’s superannuation heatmaps.
The package analyses investment returns and fees for the following products:
- MySuper: Default superannuation products with single, diversified investment strategies.
- Trustee directed products – non-platform: Standalone diversified investment offerings where the trustee or a connected entity of the trustee has control over the management of investments and/or sets the strategic asset allocations of the product offering.
- Trustee directed products – platform: Diversified investment offerings that form part of a larger investment structure where members can create bespoke portfolios. The trustee or a connected entity of the trustee has control over the management of investments and/or sets the strategic asset allocations of these product offerings.
- Externally directed products – non-platform: Standalone diversified investment offerings where the trustee or a connected entity of the trustee has no control over the management of investments and/or sets the strategic asset allocations of the product offering.
Collectively, these products represent most types of investment offerings for members in the accumulation phase.
APRA’s comprehensive product performance package forms part of APRA’s broader efforts to increase transparency in superannuation across performance, expenditure and investment.
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.
Key documents
Performance by product
APRA’s product performance lookup tools enable users to access and compare product-specific information on investment returns, fees and performance test metrics.
APRA has also published lists of significant underperformers by product category.
The lookup tools and lists of significantly underperforming products can be accessed by product category below:
- MySuper
- Trustee directed products – non-platform
- Trustee directed products – platform
- Externally directed products – non-platform
Methodology paper
APRA has also provided an information paper on the methodology used to produce the Comprehensive Product Performance Package.
