There are element of genius in your suggestions.
APRA is being true-to-form here. They have never suggested Industry funds outperform, as APRA use a more nuanced view than ASIC's limited view of performance data.
There needs to be a streamlined process for advisers to provide information to current and prospective fund members. Your hitlist of "APRA top X" funds is a brilliant idea, if considered in this context. The funds could have standard disclosure data. There could be a standardised comparison chart/data-table. It would allow advisers to provide cost-effective advice that is not silo'd into a particular vertical integration model.I like a little lateral thinking every now and then.
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