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Australian Super’s auspicious debut
AustralianSuper — the product of the merger of the Superannuation Trust of Australia and the Australian Retirement Fund — has made an auspicious debut as a single entity, gaining a five-star rating from the Heron Partnership.
AustralianSuper, which only formally came into existence on July 1, was rated as ‘outstanding quality’ within the Heron Partnership’s five star rating system.
Commenting on the rating, Heron Partnership managing director Chris Butler said AustralianSuper had three divisions — workplace, personal and corporate, and each had received a five star rating.
He said that in addition to being rated as an outstanding quality fund, AustralianSuper had an easy to understand and competitive fee structure, and Heron had been of the view that the merger had created added value for members.
AUTHOR
Mike Taylor
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