The laurels have been largely equally shared between industry funds and retail master trusts in the latest Heron Quality Star Ratings released by the Heron Partnership.
Heron analysed 113 superannuation products and assessed 83 of those as being of outstanding quality and therefore worthy of being award 5 Heron Quality Stars.
Heron Partnership managing director, Chris Butler said that he believed the fact that 83 out of 113 products had earned a 5 star rating represented an endorsement of the overall quality of Australian superannuation funds.
Importantly, the funds named as having being worthy of the 5 star assessment included both major industry and retail superannuation funds.
Outstanding Superannuation Products |
|
AMG Super - Corporate Super |
legalsuper |
AMG Super - Personal Super |
LGIAsuper |
AMP CustomSuper |
Local Government Super |
AMP Flexible Super (Choice) |
LUCRF Super |
AMP Flexible Super - Employer |
Macquarie Wrap - Super Accumulator |
AMP MyNorth |
Macquarie Wrap - Super and Pension Consolidator |
AMP SignatureSuper |
Macquarie Wrap - Super and Pension Manager |
AMP SignatureSuper Select |
Media Super - Employer Sponsored Account |
ANZ Smart Choice Super for employers and their employees (Employer Sponsored) |
Mercer SmartSuper Plan - Employer Section |
Asgard Elements Super |
Mercer Super Trust - Corporate Superannuation Division |
Asgard Employee Super |
Mine Super |
Asgard eWRAP Super |
MLC MasterKey Business Super |
Asgard Infinity eWRAP Super |
MLC MasterKey Super Fundamentals |
AustralianSuper Personal Plan |
MLC Navigator Retirement Plan Series 2 |
AustralianSuper Plan |
MLC Wrap Super Service Series 2 |
AustralianSuper Public Sector Division |
MTAA Super |
AustralianSuper Select |
netwealth Super Accelerator Core – Employer Sponsored Super |
AvSuper |
netwealth Super Accelerator Plus – Employer Sponsored Super |
Aware Super |
netwealth Super Wrap - Employer Sponsored Super |
Bendigo SmartStart Super |
NGS Super |
BT Panorama Super |
OneAnswer Frontier Personal Super and Pension |
BT Super |
Plum Super – Corporate Division |
BT Super for Life |
Plum Super - Personal Division |
CareSuper Employee Plan |
Prime Super (Health Division) |
CareSuper Personal Plan |
Prime Super (Prime Division) |
Catholic Super |
REST Corporate |
Cbus Corporate Super |
REST Super |
Cbus Industry Super |
Russell Investments Master Trust - iQ Super - Employer |
Colonial First State FirstChoice Employer Super |
Russell Investments Master Trust - iQ Super - General |
Colonial First State FirstChoice Wholesale Personal Super |
Russell Investments Master Trust - iQ Super - Saver |
EISS Super |
smartMonday DIRECT |
Equip MyFuture |
smartMonday PRIME |
Equip MyFuture - Corporate |
Sunsuper for life |
FIRST Super |
Sunsuper for life Business |
HESTA |
Sunsuper for life Corporate |
Hostplus |
Tasplan |
Hostplus Executive |
Telstra Super - Personal Plus |
Hostplus Personal Super Plan |
UniSuper Accumulation 1 |
IOOF Employer Super |
UniSuper Accumulation 2 |
IOOF Personal Super |
UniSuper Personal Account |
IOOF Pursuit Focus Personal Superannuation |
VicSuper FutureSaver |
IOOF Pursuit Select Personal Superannuation |
|
Where MySuper Investment options were concerned, the following products were assessed as worthy of the 5 Quality Star ratings.
Outstanding MySuper Options |
|
AMG Super - Corporate Super |
Intrust Super |
AMP Flexible Super - Employer |
LGIAsuper |
ANZ Smart Choice Super for employers and their employees (Employer Sponsored) |
LUCRF Super |
AustralianSuper |
Media Super |
Aware Super |
MTAA Super |
Bendigo SmartStart Super |
NGS Super |
BUSSQ MySuper |
Prime Super |
CareSuper |
QSuper |
Cbus |
Rest |
Club Plus Super |
Russell Investments Master Trust - iQ Super |
EISS Super |
Sunsuper for life |
Equip MyFuture |
Tasplan |
FIRST Super |
UniSuper |
HESTA |
VicSuper FutureSaver |
Hostplus |
Vision Super - Vision Personal |
Super funds had a “tremendous month” in November, according to new data.
Australia faces a decade of deficits, with the sum of deficits over the next four years expected to overshoot forecasts by $21.8 billion.
APRA has raised an alarm about gaps in how superannuation trustees are managing the risks associated with unlisted assets, after releasing the findings of its latest review.
Compared to how funds were allocated to March this year, industry super funds have slightly decreased their allocation to infrastructure in the six months to September – dropping from 11 per cent to 10.6 per cent, according to the latest APRA data.