AustralianSuper, Catholic Super, First State Super, HESTA, Hostplus, NGS Super, QSuper, REST, Sunsuper and Telstra Super were the top 10 super funds, the company said.
Funds are assessed on more than 400 qualitative and quantitative criteria, including investments, fees, insurance, service delivery, member education, financial planning facilities, employer support and fund governance.
BUSSQ Retirement Pension, Catholic Super Allocated Pension, First State Super Retirement Income Stream, QSuper Pension Account and Sunsuper Pension Option were named as the top five pension funds by SuperRatings.
AMP Flexible Lifetime Super Easy, Individuum and Suncorp WealthSmart were named Australia's best superannuation products.
Australia's most improved funds during 2008/09 were Asset Super, ESSSuper, LGsuper, MasterSuper and OAMPS Super Fund.
SuperRatings reviewed more than 450 different products, accounting for over $500 billion and 15 million member accounts, to compile its results.
