MySuper Heatmap - 2022
APRA’s MySuper Heatmap presents data in a more flexible format and enables users to interact with the information. The Heatmap uses a graduating colour scheme to provide credible, clear and comparable insights into MySuper products across three areas: investment returns, fees and costs, and sustainability of member outcomes.
Re-issued 24 February 2023 | Re-issued 24 February 2023 |
Metric definitions
- RSE net assets ($'000)
As at 30 June 2022.
- Proportion of total assets in MySuper
As at 30 June 2022.
- RSE total accounts
As at 30 June 2022.
- Strategic growth asset allocation
The allocation to growth assets as at
30 June 2022.
- Performance Test measure
Legislated performance measure as at
30 June 2022. The performance measure includes an assessment of investment performance and administration fees.
- 8 year Net Investment Return (NIR) p.a.
As at 30 June 2022. Colours are applied based on the level of relative performance to the appropriate reference point in the NIR / growth asset allocation trend line and in line with the colour scale below:
- 8 year NIR relative to Simple Reference Portfolio p.a.
As at 30 June 2022. Colours are applied based on the level of relative performance to the Simple Reference Portfolio and in line with the colour scale below:
- 8 year NIR relative to SAA Benchmark Portfolio p.a.
As at 30 June 2022. Colours are applied based on the level of relative performance to the SAA benchmark portfolio and in line with the colour scale below:
- 8 year Net Return ($50,000 rep member) p.a.
As at 30 June 2022. Colours are applied based on the level of relative performance to the appropriate reference point in the Net Return / growth asset allocation trend line and in line with the colour scale below:
- 5 year Net Investment Return (NIR) p.a.
As at 30 June 2022. Colours are applied based on the level of relative performance to the appropriate reference point in the NIR / growth asset allocation trendline and in line with the colour scale below:
- 5 year NIR relative to Simple Reference Portfolio p.a.
As at 30 June 2022. Colours are applied based on the level of relative performance to the Simple Reference Portfolio and in line with the colour scale below:
- 5 year NIR relative to SAA Benchmark Portfolio p.a.
As at 30 June 2022. Colours are applied based on the level of relative performance to the SAA benchmark portfolio and in line with the colour scale below:
- 5 year Net Return ($50,000 rep member) p.a.
As at 30 June 2022. Colours are applied based on the level of relative performance to the appropriate reference point in the Net Return / growth asset allocation trend line and in line with the colour scale below:
- 3 year Net Investment Return (NIR) p.a.
As at 30 June 2022. Colours are applied based on the level of relative performance to the appropriate reference point in the NIR / growth asset allocation trendline and in line with the colour scale below:
- 3 year NIR relative to Simple Reference Portfolio p.a.
As at 30 June 2022. Colours are applied based on the level of relative performance to the Simple Reference Portfolio and in line with the colour scale below:
- 3 year NIR relative to SAA Benchmark Portfolio p.a.
As at 30 June 2022. Colours are applied based on the level of relative performance to the SAA benchmark portfolio and in line with the colour scale below:
- 3 year Net Return ($50,000 rep member) p.a.
As at 30 June 2022. Colours are applied based on the level of relative performance to the appropriate reference point in the Net Return / growth asset allocation trend line and in line with the colour scale below:
- Administration fees disclosed ($10,000 account balance)
Colours are applied based on the administration fees for the representative account balance in line with the colour scale below:
- Administration fees disclosed ($25,000 account balance)
Colours are applied based on the administration fees for the representative account balance in line with the colour scale below:
- Administration fees disclosed ($50,000 account balance)
Colours are applied based on the administration fees for the representative account balance in line with the colour scale below:
- Administration fees disclosed ($100,000 account balance)
Colours are applied based on the administration fees for the representative account balance in line with the colour scale below:
- Administration fees disclosed ($250,000 account balance)
Colours are applied based on the administration fees for the representative account balance in line with the colour scale below:
- Total fees disclosed ($10,000 account balance)
Colours are applied based on the total fees and costs for the representative account balance in line with the colour scale below:
- Total fees disclosed ($25,000 account balance)
Colours are applied based on the total fees and costs for the representative account balance in line with the colour scale below:
- Total fees disclosed ($50,000 account balance)
Colours are applied based on the total fees and costs for the representative account balance in line with the colour scale below:
- Total fees disclosed ($100,000 account balance)
Colours are applied based on the total fees and costs for the representative account balance in line with the colour scale below:
- Total fees disclosed ($250,000 account balance)
Colours are applied based on the total fees and costs for the representative account balance in line with the colour scale below:
- RSE Adjusted Total Accounts Growth Rate (3 year average)
The annual percentage change in member accounts, averaged over a three year period.
Where a sustainability threshold condition is met, the metric has a colour overlay applied. Refer to Methodology paper - MySuper Heatmap for flagging thresholds.
- RSE Net Cash Flow Ratio (3 year average)
Net member benefit flows as a percentage of cash flow adjusted net assets, averaged over a three year period.
Where a sustainability threshold condition is met, the metric has a colour overlay applied. Refer to Methodology paper - MySuper Heatmap for flagging thresholds.
- RSE Net Rollover Ratio (3 year average)
RSE net rollovers as a percentage of cash flow adjusted net assets, averaged over a three year period.
Where a sustainability threshold condition is met, the metric has a colour overlay applied. Refer to Methodology paper - MySuper Heatmap for flagging thresholds.
* if a product has a performance history of less than five years, the product has met the requirements of the performance test, unless APRA issues a determination under regulation 9AB.10(4) to calculate a performance measure for the product.
~ indicates the product has undergone a change from single strategy to lifecycle since 1 October 2022. Investment returns and fees and costs metrics are for the single strategy product as at 30 June 2022 and 1 October 2022, respectively.
^ Under s. 60F of the SIS Act, this MySuper Product is closed to new members from 31 August 2022.
Useful information from consumers seeking to better understand superannuation can be found on the Australian Securities and Investments Commission’s MoneySmart website.
Members who wish to compare the investment performance or fees of MySuper products can do so on the Australian Tax Office’s YourSuper comparison tool.
MySuper Product Heatmap Disclaimer and Terms and Conditions of Use
APRA is an Australian Government statutory authority that supervises institutions across banking, insurance and superannuation and promotes financial system stability in Australia. As part of APRA’s role, APRA makes publications including on statistics for the financial sector.
Terms and conditions
- The MySuper Heatmap (“the Heatmap”) utilises data reported to APRA under the Financial Sector (Collection of Data) Act 2001 up to 5 November 2022. APRA has also utilised data from external sources including market index providers and product disclosure statements. While APRA endeavours to ensure the quality of the data used, APRA does not guarantee, and accepts no legal liability whatsoever arising from, or connected to, the use of the Heatmap.
- The listing of a MySuper product in the Heatmap, regardless of the set of ‘heat’ colours attributed to that MySuper product, in no way implies any form of APRA endorsement. You will need to exercise your own skill and care with respect to your use of the Heatmap. The Heatmap is not a substitute for independent professional advice and you should obtain any appropriate professional advice relevant to your particular circumstances.
- APRA will take reasonable actions to ensure the Heatmap is not compromised with bugs, trojan horses, spyware or adware etc. APRA accepts no liability or responsibility for any interference with or damage to your computer, software or data occurring as a result of accessing the Heatmap.
- By accessing the Heatmap you agree to the APRA’s terms and conditions of use.
© Australian Prudential Regulation Authority 2022.
Key documents
Related links
- Superannuation Heatmap FAQs - includes both general information and answers to a number of technical questions.
- MySuper Heatmap - metric definitions - provides the details of the metrics in the MySuper Product Heatmap, including definitions, the data sources used to calculate the metrics, and more.
- Heatmap investment indices - outlines the indices used for each asset class to construct the reference and benchmark portfolios.
- Heatmap archived documents and information - the central location for all documents related to previous iterations of the heatmap.