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.
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
Vanguard has affirmed its support for the current super performance test, emphasising the importance of keeping the process straightforward.
Add new comment