In April 2023, The Australian Prudential Regulation Authority (APRA) published the most recent Choice Heatmap, providing insight into member outcomes in the superannuation product segment where investment options are actively chosen by consumers.
Choice products, constituting 46% (amounting to $859 billion as of June 30, 2020) of total APRA-regulated superannuation member benefits, are options that members actively opt to participate in. These products are usually characterized by greater complexity and diversity compared to default MySuper products. The distribution of member accounts and member benefits in APRA-regulated superannuation entities as at 30 June 2020.