The Australian Prudential Regulatory Authority (APRA) surveys all MySuper funds each year for performance monitoring via mandatory statistical returns. This forms part of an annual superannuation performance test as detailed at https://www.apra.gov.au/2023-annual-superannuation-performance-test-mysuper-products.

Looking at the Fund Level data in the latest Annual Survey of MySuper funds - released in December 2023 - the average fund return was only 7.9% over the last year (after fees).

Full details of APRA's latest MySuper publication of Fund Level data and the list of surveyed Funds can be found at https://www.apra.gov.au/annual-fund-level-superannuation-statistics