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Catholic Super aces the super Performance Test

Super | | 2 min read

We’re pleased to announce that Catholic Super, and our partner fund Equip, have passed the 2022 Performance Test of the Australian Prudential Regulation Authority (APRA). This annual review benchmarks superannuation funds and publicly names underperformers.

The initiative is part of the Federal Government’s Your Future Your Super reforms. It assesses MySuper products with at least five years of performance history against the objective benchmark.

The results are great news for members and emphasise our commitment to long-term results. For a more detailed analysis of how we compare, and our how members are better off in retirement, please check our comparisons table.

APRA assessed 69 MySuper products as part of its annual review. Five super funds failed to meet the benchmark this year, including Australian Catholic Superannuation and Retirement Fund (ACSRF). This is the second year in a row the fund has failed the performance test.

Although it shares a similar name to ours, ACSRF is a completely separate super fund with no connection to Catholic Super. This has created confusion in the past, and it’s important to note that we are industry competitors.

As APRA explains in its latest results, “The annual performance test was introduced last year to protect members from poor outcomes and hold trustees accountable for the implementation of their investment strategy. The test assesses products’ long-term performance against a clear and objective benchmark tailored to each product’s asset allocation.”

Authorised by Togethr Trustees Pty Ltd (ABN 64 006 964 049; AFSL 246383) ('Trustee') the trustee of the Equipsuper Superannuation Fund (ABN 33 813 823 017). Catholic Super is a division of the Equipsuper Superannuation Fund (ABN 33 813 823 017). Financial advice services may be provided to members by the trustee's related entity. 

Togethr Financial Planning Pty Ltd (ABN 84 124 491 078; AFSL 455010). The information contained herein is general information only. It has been prepared without taking into account your personal investment objectives, financial situation, or needs. It is not intended to be, and should not be, construed in any way as investment, legal or financial advice. Please consider your personal position, objectives, and requirements before taking any action. Past performance is not a reliable indicator of future performance.

© 2020 Togethr Trustees Pty Ltd. For further information please our contact our Service Centre on 1300 655 002 or visit our website: csf.com.au.

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