Recognised high standards

Some of the criteria used to assess a fund include:

• Value for money
• Fund operations and management
• Investments 
• Fees.

Below is a brief overview of the four superannuation ratings organisations. 

SuperRatings Platinum Rating

SuperRatings is an independent research organisation that aims to provide ratings of funds to help members compare the overall value for money of super funds. Over 120 superannuation funds participate in the ratings, which involve a comprehensive analysis by SuperRatings. AustralianSuper holds a Platinum rating by SuperRatings. Platinum is their highest rating.

AustralianSuper also received "Fund of the Year" and "Best New Product" finalist nominations for 2006/2007. These awards focus on funds that provide "value for money" and "innovative products" to its members.

SuperRatings rate most of Australia's largest multi-employer superannuation funds, including retail master trusts, industry funds, public sector and corporate funds.

 

AAA rating

AustralianSuper has achieved the highest possible AAA rating in SelectingSuper's independent analysis of superannuation fund quality. The rating is a detailed analysis of 330 areas of a superannuation fund's operation and management and is designed to offer both employers and members an easy-to-use reference for the overall quality of superannuation funds.

 

Five Apples from Chant West

This independent research and consultancy firm helps organisations and individuals make well-informed decisions about their superannuation and has presented AustralianSuper with their highest rating - five apples. Funds are rated on organisational strength, investments, fees, administration, member services and employer services.*

 

Five Stars from Heron 

 This superannuation fund rating service covers industry funds, master trusts and multi-employer funds in the corporate and retail sectors. Funds are rated on investment arrangements, insurance, ancillary benefits, communications and contributions. ** 

 

 

* The scores used by Chant West to derive the ratings are subjective scores that have been awarded based on data (including historical financial performance information) supplied by third parties. While such information is believed to be accurate, Chant West does not accept responsibility for any inaccuracy in such data. Past performance is not a reliable indicator of future performance. The Chant West rating does not constitute financial product advice. However to the extent that the information may be considered to be general financial product advice then Chant West warns that: (a) Chant West has not considered any individual’s objectives, financial situation or particular needs; and (b) individuals need to consider whether the advice is appropriate in light of their goals, objectives and current situation.

Chant West has given and has not withdrawn its written consent to the inclusion in this website of the references to Chant West and the inclusion of the PersonalSuperTM Ratings logo or rating in the form and context in which they are included. Chant West has not authorised or caused the issue of this website and does not make, or purport to make, any statement in this website, other than as noted above.


** The Heron Partnership (“Heron”) utilises a holistic methodology to assess and rate the various components of a superannuation fund, grouped under 5 Areas of Importance developed by Heron of Investment Arrangements, Contributions, Ancillary Benefits, Communications and Insurance.

Heron assesses about 150 features under these Areas of Importance to develop its comparative product ratings (“the Heron ratings”). Heron’s primary goal with the Heron ratings is to provide a realistic and objective representation of the strengths and weaknesses of a product. Heron’s Quality Star Ratings for superannuation funds have 5 levels:

AustralianSuper Workplace, AustralianSuper Corporate and AustralianSuper Personal have all been awarded with 5 Stars.
The Heron ratings are based on analysis of information such as product disclosure statements provided by third parties, as well as general market knowledge. Such information is considered to be accurate at the time a particular product is rated by Heron. However, Heron gives no guarantee or warranty and makes no representation as to the accuracy or correctness of any third party information and accepts no responsibility for any inaccuracy or incompleteness in the third party information provided to it. Heron makes no guarantee or warranty in relation to the investment component or rate of return of any product that it rates. The Heron ratings have been produced without taking into account an individual’s financial needs, circumstances and objectives. To the extent that the Heron ratings may constitute financial product advice, they are general financial product advice only, and any person should, before acting on such advice, assess the appropriateness of the advice having regard to their own financial situation and consult a licensed financial adviser before making any changes to their financial affairs. Please refer to Heron’s Financial Services Guide for Superannuation Ratings for additional information about that organisation and their ratings methodology at www.heronpartners.com.au