The overall quality of Australian superannuation funds and products is continuing to improve, according to the latest Heron Partnership Quality Star Ratings, with 89 funds representing all sectors of the industry earning the firm’s maximum five quality star rating.
The ratings, released to Super Review this week, saw funds as diverse as AMP Flexible Super, AustralianSuper Public Sector, IOOF Personal Super, EISS Super, HESTA, Sunsuper for Life and Telstra Super make it to the five quality star list.
Commenting on the results, Heron Partnership managing director, Chris Butler said the firm had been impressed by the continuing improvement in the overall quality of superannuation funs and products in Australia.
The company also looked at MySuper products and assigned 32 of them the top five quality star rating.
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
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