A focus on strong performance
SuperRatings' Pension of the Year 4 years in a row4
QSuper, part of Australian Retirement Trust, continues to deliver for our members, underlined by the results of the second Australian Prudential Regulation Authority (APRA) MySuper performance test.
Australian Retirement Trust is the superannuation fund formed through the merger of QSuper and Sunsuper. One of Australia’s largest superannuation funds, we’re proud to take care of over $200 billion in retirement savings for more than two million members.
The MySuper performance test, which came into effect on 1 July 2021, was the second conducted by APRA under the Australian Government’s Your Future, Your Super reforms.
This year, APRA assessed 69 MySuper products on their performance (over a period of at least five years). They rated them against their objective benchmark that assesses investment performance, and fees and costs.
A MySuper fund is usually the default super product offered by superannuation funds to members.
The annual APRA MySuper performance test:
The APRA performance test compares the average investment return achieved by the fund (net of investment and administration fees) over a period of at least five years with the return that could have been achieved if the fund had invested in equivalent benchmark products set by APRA (net of the median level of fees) over that same period.
A fund fails the test if their returns were lower than the average by a difference of at least 0.5%.
Both of the Australian Retirement Trust MySuper products passed the APRA performance test, with the results published on 31 August 2022.
Australian Retirement Trust Deputy Chief Investment Officer Charles Woodhouse said the results were a pleasing outcome.
“Our two MySuper products passed APRA’s performance test again, which speaks to the strong commitment of ART’s Investments team [to deliver to] our members,” he said.
Five products across the industry failed the test this year, including four that failed for the second time. A further five products that failed last year’s performance test passed this year. You can learn more here.
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