The Super Fund of the Year Awards is an unparalleled program that identifies the top businesses and professionals in the sector, with support from principal partner MLC Life Insurance.
A total of 123 finalists have been chosen to contest for the awards this year across 20 categories.
Click here to view the finalists.
Research partner and Lonsec company SuperRatings has determined the finalists across 18 categories, including MySuper of the Year, MyChoice Super of the Year, Retirement Offering of the Year, and Sustainable Fund of the Year.
Australian Retirement Trust has scored the highest number of nominations, emerging as a finalist across 11 categories, followed by Aware Super with 10 nominations, and UniSuper and Rest with eight nominations each.
The Super Fund of the Year Awards program has leveraged SuperRatings’ robust awards methodology for assessing and benchmarking Australia’s leading superannuation funds.
The judging criteria for the award categories are both quantitative and qualitative, acknowledging the range of key factors that contribute toward retirement outcomes for Australians.
Each award category was open to all APRA or state-regulated superannuation funds operating in Australia.
Superannuation funds that are covered by the SuperRatings database were automatically considered.
Finalists for each award category were compiled based on a comprehensive list of criteria.
The SuperRatings research team was responsible for determining the nominees, while the research manager and insights manager will be responsible for determining the winners.
The highest-scoring winner will receive the coveted Fund of the Year Award. This is determined based on its overall peer relative position across all products it offers, with consideration given to its investment performance and processes, fees, insurance offering, digital capabilities, service proposition, the help and guidance provided to members, and governance practices.
Finalists in the Marketer of the Year and Industry Thought Leader of the Year award categories were determined by Momentum Media (parent company of Super Review).
Thought leaders were chosen for championing growth, development, and success by voicing new and challenging ideas while demonstrating passion and aptitude for propelling their industry to new heights.
Finalists in the marketing category were selected for consistently supporting the super sector by providing services to managers and firms while demonstrating that their advice has helped improve reputation, best practice, and professionalism in the super space.
All submissions underwent a robust audit process, checking demographic and other information against category eligibility criteria based on the information provided in the submission.
Those submissions deemed eligible against submission criteria were reviewed and assessed by a panel of Momentum Media events and editorial team members and executives (alongside industry stakeholders) to determine the finalists for each category.
The winner of the Best Super Fund award will be determined by a vote by financial advisers.
To view the full list of finalists, click here.
With the Australian superannuation industry burgeoning to almost $4 trillion, several super funds and businesses have capitalised on this prestigious awards program to drive business growth and strengthen their position in the market, while it has underpinned career growth for individuals.
The awards are open to every organisation and professional that supports the Australian superannuation industry, from the biggest institutions and funds to the boutique challengers and from the most senior professionals through to the rising stars.
Winners will be announced at the black-tie gala awards ceremony on Thursday, 31 October 2024 at Grand Hyatt, Melbourne. Click here to buy tickets.
The awards ceremony is an opportunity for members of the superannuation industry to network with industry leaders and peers while celebrating the achievements of their colleagues.
