Australia’s largest superannuation fund, AustralianSuper, has emerged as the top-rated personal product in the latest six-monthly Heron Partnership ratings.
MLC MasterKey Business Super has emerged as the top-rated corporate product.
The latest ratings, released to Super Review in early February, covered 146 superannuation products, including 121 personal products (comprising 62 industry funds and 59 master trusts) and 25 master trust and industry fund products specifically designed for the corporate superannuation market.
Commenting on the research outcome, Heron Partnership managing director Chris Butler noted it was the first time that AustralianSuper had been judged as the top-rated product.
“Although AustralianSuper has achieved 5 Star status at every half-yearly assessment since we commenced public ratings in 2006, this is the first occasion that AustralianSuper has been judged as a Top Rated Product,” he said.
However, Butler said it was the fourth consecutive occasion that MLC MasterKey Business Super had been judged as the Top Rated Product within the Corporate superannuation division.
Treasurer Jim Chalmers has hit back at critics of the Division 296 super tax changes, saying it shows commentators’ aversion to substantive tax reform.
Australia’s superannuation funds are on track to post another year of strong performance, with the median growth fund returning an estimated 9 per cent for the 2025 financial year, according to research from Chant West.
The UK aims to boost investments via Australia’s super fund sector, unlocking major bilateral business and growth opportunities.
The Future Fund has received government approval to internally manage transactions in Australian infrastructure and property, marking a significant shift in its investment approach after nearly two decades of relying solely on external managers.