MySuper Product Heatmap
By APRA
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.
- Data Insights paper – it outlines some of the key insights gleaned from the data.
- Frequently Asked Questions – it includes both general information and answers to a number of technical questions.
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