Hi There

Spring has sprung so that means it's time for APRA's annual performance test.

This year only 12 products fell short. Of the 50 MySuper products assessed, BUSSQ’s Balanced Growth MySuper investment option was the only one to miss the mark. The remaining 11 failures came from platform products. You'll find all the latest news, views and events below. 

Cheers

Sarah

THOUGHT OF THE WEEK 

Frontier AI - if you're not concerned then you're not paying attention!

I chair the FSC Tech and Innovation Expert Group and we were joined by ASIC last week to run us through the key takeouts from their latest report. For the most part, I've very pro AI, but of course, any new tech can be used for evil as much as good, and hackers using AI to beef up their cyber attack efforts is a very real threat.

Following nine roundtables involving more than 600 attendees, the message from the regulators is get busy now: strengthen cyber fundamentals, map critical systems and third-party dependencies, test response and recovery plans, and agree on risk appetite and escalation authority before a crisis does it for you.

Read all the details here.

LATEST NEWS & VIEWS 

Grow Inc’s early investors left with empty pockets in MUFG takeover - AFR SP - this is really poor. How will we encourage investors in Australia when this sort of rubbish happens.

Performance test roundup:

• APRA releases superannuation statistics for June 2026 - APRA

• APRA releases 2026 superannuation performance test and product insights - APRA

• APRA hits 12 super options with failed grade - Financial Standard

• APRA performance test leaves ‘giant hole’ in safeguards - Super Review

Super assets surge past $4.7tn as contributions climb - Super Review

FSC releases industry standard for private markets - FSC

Retirement is changing. Our system, and our funds, need to catch up - Financial Standard

Super class action reaches record $249m settlement - Super Review

Financial advice ranks bottom in list of retirement confidence drivers - Professional Planner

Super funds outrank banks as Australians’ most trusted institution - Super Review

WORTH YOUR TIME

That Super Show 

This episode takes us from Daniel Mulino’s Press Club address to a candid conversation with Blake Briggs, FSC CEO. We examine whether compensation schemes are a genuine safety net, unpack the latest super reforms and explore the commercial tensions shaping the sector. Listen now at thatsuper.show.

Events we are running/speaking at:

CREW WEBINAR - THE INTERSECTION OF CULTURE AND AI

CREW members, join Andrew Brown and Teresa Collis from Adaptive Cultures for a thought-provoking webinar on culture, AI and human growth.They’ll explore how organisations can keep learning and adapting as AI reshapes decision-making, power and responsibility - and why trust, judgement and human contribution still matter. Register here. Women only. Sorry blokes!

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