AustralianSuper features in the top 10 funds worldwide for transparency of disclosures according to the results from the Global Pension Transparency Benchmark, which has revealed the scores of the 75 underlying funds from 15 countries for the first time.
The GPTB, a collaboration between Investment Magazine’s sister publication Top1000funds.com and CEM Benchmarking, measures the transparency of disclosures of 15 pension systems across the value generating measures of cost, governance, performance and responsible investments. The scores for the countries are amassed by assessing the largest five asset owners in each country. More than 14,000 data points are assessed. The scores of these asset owners have been revealed for the first time.
Amongst the Australian funds, AustralianSuper ranked seventh overall, with the next best fund, Aware Super, coming in at number 12. The other Australian funds assessed were UniSuper (22nd), Future Fund (35th) and QSuper, now Australian Retirement Trust (49th).
Across the individual factors, the best result for an Australian fund was Aware Super, ranked number two for transparency of governance disclosures. The Future Fund ranked eighth in this category. UniSuper ranked 11th of the 75 funds for the transparency of disclosure of performance.
Canada on top
Canada’s CPP Investments emerged with the best score overall and also the best score for governance disclosures. Three Canadian funds featured in the top five of the best overall funds. Canada also topped the country list in 2022 for the second year in a row.
Dutch fund Stichting Pensioenfonds Zorg en Welzijn topped the list for cost disclosures; CalPERS for performance disclosures; and Sweden’s AP4 was the best fund for transparency of disclosures related to responsible investment.
The GPTB provides an insight into the disclosure practices of asset owners around the world with a focus on transparency and is a world first global standard for asset owner disclosure.
Revealing the underlying fund scores aims to focus on best practice and encourage improvement of transparency of disclosures.