MySuper Product Heatmap
The MySuper Product Heatmap provides assessments of the performance of every MySuper superannuation product.
The Heatmap provides stakeholders with transparency on the outcomes being delivered by all trustees providing MySuper products. It is designed to lift industry practices and enhance member outcomes by publicly identifying which MySuper products are underperforming and the areas they need to improve.
It uses a graduating colour scheme to provide credible, clear and comparable insights into MySuper products across three areas: investment performance, fees and costs, and sustainability of member outcomes.
To interpret the Heatmap, stakeholders should also read the:
- Information Paper – it contains detailed explanations of how it selected the metrics and benchmarks used in the Heatmap, and the methodology used to take into account important differences in products’ investment strategy and asset allocation.
- Frequently Asked Questions – these have been updated for the June 2020 release, and includes both general information and answers to a number of technical questions.
MySuper Product Heatmap fees and costs update - June 2020
APRA published its first update to the Heatmap to reflect changes in superannuation fees and costs in the six months since the Heatmap was launched. More information on the new release can be found in our related media release.
This version of the Heatmap includes updated data on fees and costs through to 29 May 2020.
|This workbook provides information on the fee changes of MySuper products from the December 2019 Heatmap to the June 2020 update, including the fee components that have changed.|
|This paper analyses changes in superannuation fees and costs in the six months since the Heatmap was launched and provides other observations.|
|This paper contains detailed explanations of how it selected the metrics and benchmarks used in the Heatmap, and the methodology used to take into account important differences in products’ investment strategy and asset allocation.|
MySuper Product Heatmap - released 10 December 2019
This version of the MySuper Product Heatmap includes data as at 30 June 2019.
Related documents - December 2019
Media release - APRA publishes MySuper Heatmap, 10 December 2019
Pre-release documents and announcements - November 2019
Media release - APRA unveils MySuper Heatmap, 15 November 2019