Chant West has announced the final three award finalists for its Super Fund of the Year awards.
This included a new category for 2022, Best Fund: Responsible Investment which sought to find the best fund offering responsible investment to its members.
This included Active Super, Australian Super, Australian Ethical, Aware Super, Cbus, HESTA and UniSuper.
Chant West general manager, Ian Fryer, said: “Fund members want to make more informed decisions when it comes to their super, and this award will help define best practice and highlight those that are genuinely ‘raising the bar’ when it comes to responsible investing”.
In the Best Fund: Integrity section, AustralianSuper, Australian Retirement Trust, Cbus and Colonial First State were nominated. This category would cover those funds which were successfully meeting members’ needs and delivering on their promises.
Finally, Hostplus and TelstraSuper were shortlisted in the Best Fund: Innovation category.
The Chant West Super Fund of the Year awards would be held on 25 May in Sydney.
A ratings firm has placed more prominence on governance in its fund ratings, highlighting that it’s not just about how much money a fund makes today, but whether the people running it are trustworthy, disciplined, and able to deliver for members in the future.
AMP has reached an agreement in principle to settle a landmark class action over fees charged to members of its superannuation funds, with $120 million earmarked for affected members.
Australia’s second-largest super fund is prioritising impact investing with a $2 billion commitment, targeting assets that deliver a combination of financial, social, and environmental outcomes.
The super fund has significantly grown its membership following the inclusion of Zurich’s OneCare Super policyholders.