MySuper Products

MySuper products are standardised superannuation products which can only be issued by appropriately licensed APRA regulated funds.  SMSFs cannot issue MySuper products.  These products have prescribed features.

As of 31 December 2014 more than almost $400 billon is invested in MySuper products.  In the 12 months to the end of December 2014, the amount invested in MySuper products has increased by almost $100 billon.

Additionally, there seems about another $70 billon which is currently in the Super System which must be transferred to MySuper Products.  This is the aggregate of “accrued default amounts” currently in the Super System.  Essentially, these are account balances in relation to which the member has made no active investment decision and which must be transferred into a MySuper product unless the member makes an active investment decision.