Sunsuper for Life, AMP SignatureSuper, and AMP SignatureSuper Allocated Pension have been awarded the highest numeric product ratings in the latest Heron Partnership Quality Star ratings.
The independent superannuation and actuarial consultancy named AMP SignatureSuper as the top rated corporate product, with Sunsuper for Life named as the top-rated personal product, and AMP SignatureSuper Allocated Pension named as the top-rated pension product.
Commenting on the latest findings, Heron Partnership managing director, Chris Butler said the products had achieved the highest numeric rating for their respective product category in the firm's 2017 assessment and therefore received the Top Rated Product awards.
He said that although AMP SignatureSuper has been designated as a ‘5 Star' product since the Heron Partnership commenced public ratings in 2006 it was the first occasion that it had received the Top Rated Corporate Product award.
He noted that Sunsuper for Life had received the personal product award for the 2016/17 financial year ratings and AMP SignatureSuper Allocated Pension had received the highest score for pension products previously and consecutively since the 2015/16 ratings.
Amid a challenging market environment, three super fund CIOs have warned against ‘jumping at shadows’.
The professional body is calling for the annual performance test to transition to a two-metric test, so it better aligns with the overarching duty of super fund trustees to act in the best financial interests of their members.
AustralianSuper, Rest, and HESTA agree on the need to retain and enhance the test, yet they differ in their perspectives on the specific areas that warrant further refinement.
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
Add new comment