Published: 10 Dec 2019
The regulator’s new heatmaps are a welcome new tool to help identify underperforming funds but further work needs to be done to get the methodology right, Industry Super Australia says.
Underperformance can cost some members up to $500,000 in their retirement nest eggs, so must be tackled wherever it is found in the superannuation sector.
The Australian Prudential Regulation Authority’s (APRA) heatmaps are an important first step in highlighting underperformance and making trustees more accountable.
*The above material, whilst correct at the time of publication may include references or statements which are no longer current.