The overall quality of Australian superannuation funds and products is continuing to improve, according to the latest Heron Partnership Quality Star Ratings, with 89 funds representing all sectors of the industry earning the firm’s maximum five quality star rating.
The ratings, released to Super Review this week, saw funds as diverse as AMP Flexible Super, AustralianSuper Public Sector, IOOF Personal Super, EISS Super, HESTA, Sunsuper for Life and Telstra Super make it to the five quality star list.
Commenting on the results, Heron Partnership managing director, Chris Butler said the firm had been impressed by the continuing improvement in the overall quality of superannuation funs and products in Australia.
The company also looked at MySuper products and assigned 32 of them the top five quality star rating.
AMP’s strong 2024–25 returns were anything but a fluke – they were the product of a carefully recalibrated investment strategy that began several years ago, when the fund first became truly cognisant of its shortcomings.
ASIC is “considering what options” it has to hold super trustees to account for including the failed schemes on their platforms, according to its deputy chair.
Vanguard Super has reported strong returns across most of its investment options, attributed to a “low-cost, index-based approach”.
The fund has achieved double-digit returns amid market volatility, reinforcing the value of long-term investment strategies for its members.