The Rainmaker SelectingSuper Super Fund of the Year

SelectingSuper has announced the Super Fund of the Year for 2017.

The Rainmaker SelectingSuper Super Fund of the Year

Financial information service Rainmaker Information and independent superannuation consultancy firm SelectingSuper have announced the winners of the Rainmaker SelectingSuper Awards for 2017.

The awards for the best superannuation providers and products in Australia were considered with customer outcomes as the most highly ranked criteria. Other factors taken into account were fees, governance credentials, value for money on insurance offerings, and customer service.

This year’s SelectingSuper Fund of the Year was awarded to AustralianSuper.

Australia's largest superannuation fund took out the top prize for delivering high investment returns, maintaining low fees and competitive insurance. AustralianSuper also took out two other awards – the Personal Select Choice Product of the Year and the Investment and Innovation Leadership Award.

Other 2017 SelectingSuper Award winners were:

MySuper Product of the Year
Hostplus

MySuper Lifestage Product of the Year
First State Super – Employer Sponsored

Workplace Select Choice Product of the Year
Sunsuper for Life

Personal Select Choice Product of the Year
AustralianSuper Personal Plan

Retirement Select Choice Product of the Year
UniSuper

Workplace Multichoice Product of the Year
Media Super

Personal Multichoice Product of the Year
Colonial First State – FirstChoice Personal

Retirement Multichoice Product of the Year
IOOF Employer Super – Pension

Superannuation Group Insurance
Legalsuper (superannuation fund), OnePath Life (insurer)

Investment Innovation and Leadership Award
AustralianSuper

Long-Term Performance Award
Hostplus

Asset Consultant of the Year
JANA Investment Advisors

Innovation Award for Millennial Superannuation
REST Super

SMSF Administrator of the Year
BT Panorama

Consumer Choice Award
AvSuper

Industry Service Awards
Gerard Parleviet
Stephen Merlicek

Fund of the Year
AustralianSuper

The awards are chosen based on long-term performance but also with an eye to current industry trends, both of which are showing high upside.

"Super funds continue to surprise on the upside. Average returns of more than 10 per cent in 2016-17 continue to show how superannuation funds in Australia are doing their job – earning strong investment returns that will enable millions of Australians to enjoy a comfortable retirement. And showing these returns are no fluke, the 30-year return is almost a whopping eight per cent, which is nearly triple the long-term inflation rate,” said Director of Research at Rainmaker Information Alex Dunnin.

“Combined with how funds are continuing to improve, developing their technology, lowering fees, lifting investment outcomes and innovating, Australia’s 12 million superannuation fund members should feel confident about their future.

"Australia’s best superannuation funds produce not only consistent and strong investment returns, they innovate. It’s no surprise the top funds in Australia have an enviable track record in adopting new technology, lowering fees, expanding their range of services and choices and working hard with their communities.

"This year's award winners are a roll call of some of the most innovative yet reliable funds in Australia. To knock previous years’ winners off their perch they'd have to be," said Mr Dunnin.

How did your super fund perform? Are you happy with your fund?

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    COMMENTS

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    *Imagine*
    20th Nov 2017
    10:59am
    Drum roll folks. A 30 year return of nearly 8%. I remember when term deposit interest rates were nearly double that in the last 30yrs. Now prepare for OG to take us off topic and tell us all about how good his investments are. The facts are that returns from superfunds are mediocre to say the least. Last week they told us that there was a bench mark of 4.5% and an average of 5.5% over the past 10yrs and 7.5% expectation long term. These articles are little more than advertorials for private money making superfunds. What are the comparisons to other countries, rather than position against competitors in the same field? How is the Govt. infrastructure fund fairing by comparison? I imagine that would not be in our interests to know.
    Rosret
    20th Nov 2017
    11:40am
    Yep.
    LiveItUp
    21st Nov 2017
    7:14am
    All I'll say is that I smell a little jealously here.
    johnp
    20th Nov 2017
    11:26am
    Are most of the best performing funds Industry Super Funds ?? - I assume they are as usual !!
    Rosret
    20th Nov 2017
    11:44am
    Its like standing in a queue at the supermarket. Did you pick the best one?
    There is always one faster and better than yours - even when you are supposedly in the one they claim to be the fastest.
    It was fast for that guy but then you stood behind the person who couldn't find the correct change didn't you and the line all of a sudden got reeeeeally slow. - Murphy's Law.
    LiveItUp
    21st Nov 2017
    7:12am
    Nope. Some of the best performing ones are SMSFs some with returns double or more than any mentioned here.
    MICK
    20th Nov 2017
    11:44am
    Of course Super Funds are "surprising on the upside". That is what happens when the market as a whole goes up. Not rocket science.
    The thing I did not read leon is HOW MANY OF THE ABOVE WERE INDUSTRY FUNDS?

    20th Nov 2017
    12:42pm
    Off topic but, hopefully, the moderators are vetting each post. Can we have a topic on wages please. I am getting confused with certain aspects of pay structures in Australia.

    1. Wages are stagnant is confusing because FWA (or whatever group is responsible) sits in judgement of the wage case each year and grants an increase which is not enough if you represent the unions and too much if you represent the employer.

    2. Everyone is getting ripped off by bracket creep but if the first statement is true that wages are stagnant, how does a wage earner move upwards to be affected by bracket creep?

    3. Females are falling further behind each year in wage parity. How is this statement arrived at? Since the 70's there has been no difference in most industries' hourly pay scales to differentiate between males and females.

    These are matters that could be put forward as an article for the readers to make comment on and, maybe, some research by YLC could give us the reasons behind the statements which I find confusing. Apologies for being off topic.
    simo60
    9th Jun 2019
    10:40am
    Sad people .GET A LIFE