The finalists of the Chant West/Conexus Financial Super Fund Awards have been announced by the research house Chant West.

The fund ratings firm has named finalists across 10 categories, including Super and Pension Funds of the Year.

Those nominated for Super Fund of the Year are AustralianSuper, CareSuper, Equip, HOSTPLUS, MLC, Plum, QSuper, REST, Sunsuper, Telstra Super and UniSuper.

Those nominated  for Pension Fund of the Year are AMP, Asgard, AustralianSuper, Colonial First State, HESTA, MLC, QSuper, REST, Sunsuper and UniSuper.

Funds that have been named in four or more categories are AMP, AustralianSuper, BT, Mercer, MLC, Plum, QSuper, REST, Sunsuper and UniSuper.

Apart from the Longevity Product Award and the Innovation Award, funds had to receive Chant West’s top rating – “5 Apples” – to be included as a finalist, of which there are either five or 10 in each category.

“We rated about 230 super funds and 150 pension funds in late 2013. For super funds, this involved scoring them on about 110 factors under our six main criteria,” says Warren Chant, principal at Chant West.

The two main criteria – investments and member services – account for 60 per cent of a fund’s overall rating (see table below).

Super Main Criteria Weight
Investments 35%
Member Services 25%
Fees 15%
Insurance 10%
Administration 10%
Organisation 5%

Funds were scored on each of these criteria, applying the weights shown in the table to arrive at the funds’ overall scores.

“Our starting point in deciding the finalists in each award category was to consider the top 10 to 15 scores for the relevant criteria from our ratings process. So, for example, the finalists for the Best Fund: Member Services are those that scored highest on that criterion alone,” Chant says.

“Our research team then debated those scores to see whether they truly reflected our views of the funds given our experience and knowledge of them. In some cases, the debate caused us to revisit our scores, which resulted in a change to our rankings.”

The process was applied to each award category, and Chant says senior management also reviewed the entire process for “its robustness and consistency”.

For more information on the event, visit www.superfundawards.com.au or to register for tickets simply click on the button below.

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The full list of finalists

Super Fund of the Year (Alphabetical Order)
AustralianSuper
CareSuper
Equip Corporate
HOSTPLUS
MLC MasterKey Business Super
Plum Superannuation Fund
QSuper Accumulation Account
REST
Sunsuper
TelstraSuper
UniSuper

 

Pension Fund of the Year (Alphabetical Order)
AMP Flexible Super
Asgard Infinity eWrap
AustralianSuper
Colonial First State FirstChoice Wholesale Pension
HESTA Income Stream
MLC MasterKey Pension Fundamentals
QSuper Pension Account
REST Pension
Sunsuper for life
UniSuper Flexi Pension

 

Corporate Solutions Fund of the Year (Alphabetical Order)
AMP SignatureSuper
Equip
Mercer Super Trust
MLC MasterKey Business Super
Plum Superannuation Fund
Sunsuper

 

Advised Product of the Year (Alphabetical Order)
AMP Flexible Super
Asgard Infinity eWrap
BT Super for Life
Colonial First State FirstChoice Wholesale Super
MLC MasterKey Super Fundamentals

 

Asset Consultant of the Year (Alphabetical Order)
Frontier Advisors
JANA Investment Advisers
Mercer Investments
Russell Investments
Towers Watson

 

Best Fund: Investments (Alphabetical Order)
AustralianSuper
CareSuper
Catholic Super
Commonwealth Bank Group Super
Cbus
Equip
HOSTPLUS
REST
TelstraSuper
UniSuper

 

Best Fund: Innovation (Alphabetical Order)
AMP SignatureSuper
ANZ Smart Choice
BT Super for Life
Mercer Super Trust
QSuper Accumulation Account
Suncorp Everyday Super

 

Best Fund: Member Services (Alphabetical Order)
AMP SignatureSuper
AustralianSuper
Cbus
HOSTPLUS
MLC MasterKey Business Super
Plum Superannuation Fund
QSuper Accumulation Account
REST
Sunsuper for life
TelstraSuper
UniSuper

 

Best Fund: Longevity Product (Alphabetical Order)
AMP North Personal Pension
Challenger Guaranteed Annuity (Liquid Lifetime)
MLC MasterKey Investment Protection
MTAA Super RetireSafe
QSuper Guaranteed Term Annuity

 

Best Fund: Integrity (Alphabetical Order)
AMP SignatureSuper
BT Lifetime Employer Super
Mercer Super Trust – SmartSuper
MLC MasterKey Business Super
Plum Superannuation Fund
Russell SuperSolution General Division

 

 

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