A total of 201 of Australia’s leading superannuation products from a field of more than 600 have been awarded a SelectingSuper AAA Quality rating in a recent industry product assessment.
The SelectingSuper AAA Quality Assessments are researched by Rainmaker Information and aim to dissect superannuation products in an attempt to recognise quality and consistency in superannuation offerings.
In a time of unprecedented turbulence, Australians need to know they can trust their superannuation provider to navigate uncertain markets.
Of the 201 ratings that were awarded, 169 products retained their AAA rating, 32 new products received AAA status for the first time and 23 products either lost their rating or went under review.
One third of all superannuation products were rated AAA.
“The AAA rating is a sign that the fund offers a combination of solid net returns, low fees as well as good value insurance within super,” said Alex Dunnin, head of research at Rainmaker Information.
“Achieving a AAA status should be something funds are proud of.”
These AAA Quality assessments are centred on Rainmaker’s independent superannuation research program that spans 3,200 investment choices, 2,800 fee options and 15,000 insurance policy options covering workplace, personal and retirement products.
Of the 201 products, 154 were derived from not for profit (NFP) funds whilst the remaining 47 were retail based products.
“While regulatory bodies call for a ‘best-in-show’ list of funds, this quality assessment indicates a best of breed list of funds consumers should look for to see if their fund is meeting its objectives and providing the best service,” said Dunnin.
“The philosophy behind the Rainmaker SelectingSuper Quality Assessment Rating is the way we recognise what makes fund different, because they serve different people differently.”
“The Rating is indicator that the funds deliver on what they promise.”
AAA rated products are eligible to be considered in the annual Rainmaker SelectingSuper Awards.
To view the full list of quality products visit theSelectingSuper website
Superannuation funds and the products that have been awarded AAA Quality ratings for the first time in 2020 include:
Superannuation Fund | Products |
Australian Ethical Retail Superannuation Fund | Australian Ethical Retail Superannuation Fund – Employer Australian Ethical Retail Superannuation Fund – Pension Australian Ethical Retail Superannuation Fund – Personal |
Commonwealth Superannuation Corporation | Australian Defence Force Superannuation Scheme |
Fiducian Superannuation Fund | Fiducian Account Based Pension |
Fire and Emergency Services Superannuation Fund | Fire and Emergency Services Superannuation Fund Fire and Emergency Services Superannuation Fund – Pension |
MLC Superannuation Fund | MLC Wrap Super Series 2 – Super |
South Australian Metropolitan Fire Service Superannuation Scheme | SA Metropolitan Fire Service Superannuation Scheme |
Super SA Select | Super SA Select |
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