The Super Fund of the Year Awards, in conjunction with event stakeholders Super Review, Momentum Media, and a panel of leading fund management professionals and businesses, has developed a robust awards methodology to form the backbone for assessing and benchmarking Australia’s leading finance professionals.
The judging criteria for award categories is both quantitative and qualitative, acknowledging growth, business development, diversity, leadership, innovation, business excellence and contributions to Australia’s financial advice sector.
All businesses and professionals that meet the eligibility criteria from across Australia’s finance industry are encouraged to participate in the awards program.
A fund will be shortlisted based on its overall peer relative position across all products it offers, with consideration given to its investment performance and processes, fees, insurance offering, administration capabilities, member servicing and governance practices.
A MySuper product will be shortlisted based on the product’s peer relative position, with consideration given to its investment performance and processes, fees, insurance offering, administration capabilities, member servicing and governance practices.
A Member Choice product will be shortlisted based on the product’s peer relative position, with consideration given to its investment performance and processes, fees, insurance offering, administration capabilities, member servicing and governance practices.
The adviser servicing award recognises funds that have provided external advice businesses with exceptional levels of service. Consideration is given to the range of channels available, the ease and detail with which they can access information and complete transacts to meet their clients needs.
A retirement offering will be shortlisted based on the offering’s peer relative position, with consideration given to its investment performance and processes, fees, pension flexibility and choice, administration capabilities, member servicing and governance practices.
A fund will be shortlisted where it can demonstrate, through the annual review process, significant progress in completing key projects which will enhance its strategic positioning in coming years.
The employer servicing award recognises funds that have provided registered employers with exceptional levels of service. Consideration is given to the frequency and design of employer engagement as well as the range and depth of insights made available to employers.
A fund will be shortlisted based on the Net Benefit (returns less fees) outcomes across a range of investment options and time periods. Greater weight is given to longer time periods and options where most members are invested. The fund with the highest Net Benefit outcome is determined to be the winner of the award.
A fund will be shortlisted based on the standard deviation and Sharpe ratios across a range of investment options and time periods. Greater weight is given to longer time periods and options where most members are invested. The fund with the lowest level of volatility is determined to be the winner of the award.
A MySuper product will be shortlisted based on the lifetime return generated by the investment strategy.
A fund will be shortlisted based on the total cost of the fund’s lowest fee diversified investment option and the range of low-cost options available within the fund, with consideration given to the performance of the offering where similar cost options exist.
A fund will be shortlisted based on the range, capability and uptake of digital services by its members across online portals, apps and digital contact and administration services.
A fund will be shortlisted based on the range, quantity, reach and quality of education offered to members.
A fund will be shortlisted where it can demonstrate superior speed and quality of service in response to its members’ needs.
A fund will be shortlisted based on the range, capability, quality and uptake of its advice offering to members.
A fund’s default insurance offering will be shortlisted based on the alignment of insurance design with the fund’s member demographic, the value of insurance cover provided by the default offering and the level of service and claims experience provided by the fund.
A fund will be shortlisted based on the range of insurance options available to members, the value of the insurance covers provided, and the level of service and claims experience provided by the fund.
A fund will be shortlisted based on its peer relative position around the sustainability practices of the fund, with consideration given to the fund’s policies and oversight, research, carbon emissions, engagement, education for members, and operational behaviour in relation to ESG.
A fund will be shortlisted where it has demonstrated the highest levels of transparency and accountability throughout its disclosures.
