InvestorDaily’s sister brand, Super Review, is pleased to announce that a total of 108 finalists have qualified for the Super Fund of the Year Awards, which is celebrating its 10th anniversary this year.
Research partner SuperRatings determined the finalists across 19 categories this year, including MySuper of the Year, Career Fund of the Year, Retirement Offering of the Year, and Best Low-cost Offering.
TelstraSuper is a finalist across nine categories this year while Aware Super has scored eight nominations and Australian Retirement Trust, HESTA, and UniSuper are finalists across seven categories each.
The Super Fund of the Year Awards program has leveraged SuperRatings’ robust awards methodology for assessing and benchmarking Australia’s leading superannuation funds.
The judging criteria for the awards categories are both quantitative and qualitative, acknowledging the range of key factors that contribute towards retirement outcomes for Australians.
Each award category was open to all APRA or state-regulated superannuation funds operating in Australia. Superannuation funds that are covered by the SuperRatings database were automatically considered.
Finalists for each award category were compiled based on a comprehensive list of criteria.
The SuperRatings research team was responsible for determining the nominees, while the research manager and insights manager will be responsible for determining the winners.
The highest-scoring winner will receive the coveted Fund of the Year award.
This is determined 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.
Momentum Media (parent company of Super Review) determined the finalists for the Industry Thought Leader of the Year category.
This category acknowledges 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 the finance industry were encouraged to participate in the awards program.
Winners of the Super Fund of the Year Awards will be announced at the black-tie gala ceremony on Wednesday, 25 October 2023, at the Grand Hyatt, Melbourne. Click here to buy your tickets.
Launched in 2014, the Super Fund of the Year Awards is an unparalleled and whole-of-market program that recognises the top businesses and professionals in the superannuation sector.
It acknowledges the hard work and achievements of super fund trustees and executives, group insurance executives, and custodians.
The awards were open to every organisation and professional that supports the super industry and propels it forward, from the largest institutions and funds to the boutique challengers.
They are peer-reviewed recognition of the capabilities of members of the sector, with the judging panel including academics, business executives, entrepreneurs, and innovators.
Winning an award could help super funds distinguish themselves from their competitors and strengthen their position in the industry while elevating their personal brand.
The executive director of SuperRatings, Kirby Rappell, commented, “Selection of this year’s finalists has been underpinned by SuperRatings’ annual review of funds, which has included extensive collection of data as well as direct meetings with major providers over the past six weeks.
“It is clear that competition is stronger than ever across the superannuation market, with funds pushing each other forward to further uplift outcomes for everyday Australians.”
The Super Fund of the Year Awards ceremony will bring together members from the industry’s top-performing superannuation funds, providing attendees with the opportunity to network with industry leaders and their peers.
The black-tie ceremony will be held on Wednesday, 25 October 2023, at the Grand Hyatt, Melbourne. Click here to buy your tickets.