Super Review and the Heron Partnership have announced the category finalists in the 2016 Super Fund of the Year Awards sponsored by BNP Paribas.
The awards, will be presented at a gala dinner in Melbourne on Thursday, 10 August. Tickets can be purchased here.
Best Administrator
AAS/Link
Mercer
Pillar
Best Insurer
AIA
Hannover
MetLife
MLC
TAL
Best MySuper Investment Option
AustralianSuper
EISS Super
First State Super
LGIASuper
Qsuper
REST Super
Sunsuper
Unisuper
Best Commercial Fund
AMP SignatureSuper
ANZ Smart Choice Super
Asgard Infinity eWRAP Super
Mercer Super Trust
MLC MasterKey Business Super
Plum Superannuation Fund
Best Industry Fund
AustralianSuper
Caresuper
EISS Super
Equip
Hostplus
REST
Sunsuper
Unisuper
Best Public Sector Fund
First State Super
GESB Super
Local Government Superannuation Scheme
QSuper
Super SA
VicSuper
Best Pension Product
AMP Signature Super Allocated Pension
AustralianSuper Choice Income
BT SuperWrap Pension Plan
Caresuper Pension
IOOF Pursuit Select Allocated Pension
MLC Navigator Retirement Plan Series 2
The two funds have announced the signing of a non-binding MOU to explore a potential merger.
The board must shift its focus from managing inflation to stimulating the economy with the trimmed mean inflation figure edging closer to the 2.5 per cent target, economists have said.
ASIC chair Joe Longo says superannuation trustees must do more to protect members from misconduct and high-risk schemes.
Super fund mergers are rising, but poor planning during successor fund transfers has left members and employers exposed to serious risks.