POWERED BY MOMENTUM MEDIA
AMP and Sunsuper top Heron ratings
AMP and Sunsuper have emerged as the top-rated superannuation funds in the 2018 Heron Quality Star Ratings.
The Melbourne-based independent superannuation and actuarial consultancy named Sunsuper for Life as the Top Rated Personal Product, while AMP SignatureSuper was named the Top Rated Corporate Product and AMP SignatureSuper Allocated Pension was the Top Rated Pension Product.
The assessment of personal and corporate superannuation products undertaken by Heron covers about 120 key product features that are grouped under five areas of importance of Investment Arrangements, Insurance, Contributions, Ancillary Benefits, and Communications.
Investments and Insurance have the greatest impact on a product’s rating with weightings of 55 per cent and 30 per cent respectively.
Commenting on the ratings outcome, Heron Partnership’s Managing Director, Chris Butler noted that the three superannuation products which had been top-rated this year had also been top-rated in 2017.
The 95 superannuation products rated as “outstanding quality” and therefore awarded five Heron Quality Stars are (in alphabetical order) as follows:
|
Outstanding Superannuation Products |
|
|
AMG Super - Corporate Super |
Kinetic Super |
|
AMG Super - Personal Super |
legalsuper |
|
AMP - Flexible Super |
LGIAsuper |
|
AMP - Flexible Super - Employer |
Local Government Super |
|
AMP CustomSuper |
LUCRF |
|
AMP MyNorth |
Macquarie Wrap - Super Accumulator |
|
AMP SignatureSuper |
Macquarie Wrap - Super and Pension Consolidator |
|
AMP SignatureSuper Select |
Macquarie Wrap - Super and Pension Manager |
|
AMP Summit - Personal Super |
Mentor Superannuation Master Trust |
|
ANZ Smart Choice Super (Employer Sponsored) |
Mercer SmartSuper Plan - Employer Section |
|
ANZ Smart Choice Super and Pension |
Mercer Super Trust - Corporate Superannuation Division |
|
Asgard Elements Super |
MLC MasterKey Business Super |
|
Asgard Employee Super |
MLC MasterKey Super Fundamentals |
|
Asgard eWRAP Super |
MLC Navigator Retirement Plan Series 2 |
|
Asgard Infinity eWRAP Super |
MTAA Super |
|
AustralianSuper Plan |
netwealth Super Accelerator Core – Employer Sponsored Super |
|
AustralianSuper Personal Plan |
netwealth Super Accelerator Plus |
|
AustralianSuper Public Sector Division |
netwealth Super Accelerator Plus – Employer Sponsored Super |
|
AustralianSuper Select |
netwealth Super Wrap - Employer Sponsored Super |
|
AustSafe Super |
NGS Super |
|
BT Business Super |
OnePath OneAnswer Frontier Personal Super |
|
BT Lifetime Super - Employer Plan |
Perpetual Select Super Plan |
|
BT Super for Life |
Plum Super |
|
BT SuperWrap Essentials Personal Super Plan |
Plum Super - Personal Division |
|
BT SuperWrap Personal Super Plan |
Prime Super (Health Division) |
|
CareSuper Employee Plan |
Prime Super (Prime Division) |
|
CareSuper Personal Plan |
REI Super |
|
Child Care Super |
REST Corporate |
|
Club Plus |
REST Super |
|
Club 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 |
smartMonday DIRECT |
|
Equip MyFuture |
smartMonday PRIME |
|
Equip MyFuture - Corporate |
StatewideSuper |
|
First State Super |
Strategy Retirement Fund |
|
Freedom of Choice Employer Superannuation Service |
Suncorp Brighter Super for Business |
|
Freedom of Choice Personal Superannuation Service |
Suncorp Brighter Super Personal Super |
|
GuildSuper |
Sunsuper for life |
|
HESTA |
Sunsuper for life Business |
|
Hostplus |
Sunsuper for life Corporate |
|
Hostplus Executive |
Tasplan |
|
Hostplus Personal Super Plan |
Telstra Super - Personal Plus |
|
Intrust Super |
The Executive Superannuation Fund (Employer Sponsored) |
|
IOOF Employer Super |
The Executive Superannuation Fund (Personal) |
|
IOOF Employer Super - Personal Division |
UniSuper Accumulation Super (1) |
|
IOOF Pursuit Focus Personal Superannuation |
VicSuper FutureSaver |
|
IOOF Pursuit Select Personal Superannuation |
|
MySuper Investment Option
Heron has also again undertaken a detailed review of each product’s MySuper investment option. For their MySuper rating Heron considers the type of option (LifeStages or Single Diversified), the reliability of the historical return history, the potential member confusion, the TAA range, the level and type of active/passive management, actual or indicative historical investment performance, and ease of understanding and fees based on the PDS disclosure. In addition, in assessing the LifeStages options Heron considered whether the structure included cohorts, the cohort age band period and the cohort curve shape.
Based on this assessment criteria, Heron awarded 5 Stars to the following 54 products:
|
Outstanding MySuper Options |
|
|
AMG Super - Corporate Super |
LGIAsuper |
|
AMP - Flexible Super |
LUCRF |
|
AMP - Flexible Super - Employer |
Meat Industry Employees’ Superannuation Fund |
|
ANZ Smart Choice Super (Employer Sponsored) |
Media Super - Employer Sponsored Account |
|
AustralianSuper Plan |
Media Super - Personal Account |
|
AustralianSuper Personal Plan |
Mine Wealth + Wellbeing Super |
|
AustralianSuper Public Sector Division |
MLC MasterKey Business Super |
|
Bendigo SmartStart Super |
MTAA Super |
|
BUSSQ MySuper |
NGS Super |
|
CareSuper Employee Plan |
Prime Super (Health Division) |
|
Catholic Super |
Prime Super (Prime Division) |
|
Cbus |
REI Super |
|
Club Plus |
REST Corporate |
|
Colonial First State FirstChoice Employer Super |
REST Super |
|
EISS |
Russell Investments Master Trust - iQ Super - Employer |
|
Equip MyFuture |
Russell Investments Master Trust - iQ Super - General |
|
Equip MyFuture - Corporate |
Russell Investments Master Trust - iQ Super - Saver |
|
First State Super |
smartMonday PRIME |
|
HESTA |
StatewideSuper |
|
Hostplus |
Sunsuper for life |
|
Hostplus Executive |
Sunsuper for life Business |
|
Hostplus Personal Super Plan |
Sunsuper for life Corporate |
|
Intrust Super |
Tasplan |
|
IOOF Employer Super |
Telstra Super - Personal Plus |
|
IOOF Employer Super - Personal Division |
UniSuper Accumulation Super (1) |
|
Kinetic Super |
VicSuper FutureSaver |
|
legalsuper |
WA Super |
Recommended for you
The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
Vanguard has affirmed its support for the current super performance test, emphasising the importance of keeping the process straightforward.
While some superannuation funds have gone down the route of internalisation, others say they favour ‘smart partnering’ with external managers for diversification appeal.
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
73.88 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment