SuperRatings’ rating methodology seeks to cover over 300 individual parts of a superannuation fund’s offering. The data assessed covers information both in the public domain as well as aspects which are sourced directly from funds (questionnaires).
For more information on the SuperRatings methodology refer to the full text of the SuperRatings methodology at http://www.superratings.com.au/ratings
Our ratings system covers seven main assessment components. These are reviewed both quantitatively and qualitatively and are individually weighted.
Each rated fund is provided with regular ‘Request for Information’ documents from SuperRatings to maintain our data. Where a fund does not respond or the data provided cannot be substantiated, then the response used will, where appropriate, be assumed to be at the 75th percentile of our universe.
For any queries about the content, please see http://www.SuperRatings.com.au. Any queries about the application of the information contained in this report to your particular circumstances should be directed to your financial advisor and/or fund.
SuperRatings performs an in depth and comprehensive analysis of insurance premiums across a range of insurance options offered by the various funds. In this report only sample aged based premiums for one option are displayed. For example, many funds offer insurance with 30, 60 or 90 day waiting periods but for comparative purposes only the 60 day waiting period is usually displayed in this report. For more details on particular insurance options reference should be made to the relevant fund’s product disclosure statement.
The best value for money funds. Well balanced across all key assessment criteria in a robust, secure and proven risk framework. This fund provides features that should assist most individuals to meet their retirement savings goals.
A good value for money superannuation fund strong in nearly all assessment areas.
A reasonable value for money fund performing well in most assessment areas.
Other rated funds usually have average or below average features and/or performance across a number of our ratings criteria.
Excellent: Score of 75%-100% "In the fast lane"
Premium performer in this area
Good: Score of 51%-74% "Comfortable pace"
Better than most funds. Above benchmark
Average: Score of 26%-50% "Cruising"
Placed close to benchmark
Below average: Score of below 25% "Traffic congestion"
Not quite up to speed. Lower than benchmark.
Alert: "Proceed with caution"
In the areas of governance, advice & education, administration, and investment process the analysis is a qualitative one and the available information has been insufficient to provide a rating. Hence the caution symbol.
Concern: "Requires Maintenance"
Based on an analysis of available information there appear to be real problems in this area.
SuperRatings Pty Ltd ABN: 95 100 192 283 AFSL 311880 (SuperRatings) is a superannuation research house with specialist areas of expertise, that was originally established in 2002. From 1 July 2011, SuperRatings became a fully owned subsidiary of the entity currently registered as Lonsec Fiscal Holdings Pty Ltd, a privately owned and independent entity with a multi-brand strategy of providing leading financial services research and investment execution.
SuperRatings believes that professional financial advisers need informed opinions on the best superannuation and pension financial products to provide real value for their clients. To meet this need, SuperRatings has in place an experienced research team, which draws on a robust research process to undertake in-depth assessment of superannuation financial products. No fee is paid by superannuation and pension funds to SuperRatings for reviewing and rating superannuation and pension financial products.
SuperRatings receives fees for providing superannuation consulting advice to clients, which includes benchmarking, assistance with tenders, administration assistance and other financial advice.
Warnings: Past performance is not a reliable indicator of future performance. Any express or implied rating or advice presented in this web-site is limited to “General Advice” (as defined in the Corporations Act 2001(Cth)) and based solely on consideration of the merits of the superannuation financial product(s) alone, without taking into account the objectives, financial situation and particular needs (‘financial circumstances’) of any particular person.
Before making an investment decision based on the rating(s) or advice, the reader must consider whether it is personally appropriate in light of his or her financial circumstances, or should seek independent financial advice on its appropriateness. If SuperRatings’ advice relates to the acquisition or possible acquisition of particular financial product(s), the reader should obtain and consider the Product Disclosure Statement for each superannuation financial product before making any decision about whether to acquire a financial product. SuperRating’s research process relies upon the participation of the superannuation fund or product issuer(s). Should the superannuation fund or product issuer(s) no longer be an active participant in SuperRatings’ research process, SuperRatings reserves the right to withdraw the rating and document at any time and discontinue future coverage of the superannuation and pension financial product(s).
Copyright © August 2013 SuperRatings Pty Ltd (ABN: 95 100 192 283 AFSL 311880 (SuperRatings)). This web-site is subject to copyright of SuperRatings. Except for the temporary copy held in a computer's cache and a single permanent copy for your personal reference or other than as permitted under the Copyright Act 1968 (Cth.), no part of this web-site may, in any form or by any means (electronic, mechanical, micro-copying, photocopying, recording or otherwise), be reproduced, stored or transmitted without the prior written permission of SuperRatings.
This web-site may also contain third party supplied material that is subject to copyright. Any such material is the intellectual property of that third party or its content providers. The same restrictions applying above to SuperRatings copyrighted material, applies to such third party content.
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You acknowledge that information provided by RateMySuper has been prepared without the taking into account individual financial objectives, situations or needs. It is not guaranteed to be accurate or complete. Recipients should, before acting on the information, consider its appropriateness having regard to their own financial objectives, situation and needs. Before making a decision regarding any of the financial products mentioned, they should obtain and consider a copy of the relevant Product Disclosure Statement from the product issuer and consider obtaining personal financial advice from a financial adviser.
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Gain a quick snapshot into the product, understand product trends, how they set
themselves apart from the rest.
Gives you access to not only Net Benefit graphs but investment options
available, Investment performance, asset allocation and comparative
charting across core options.
Will allow you to compare products across a range of fee criteria,
including a fee comparison chart.
Covering Death , Death/TPD and Income Protection, the insurance section will
provide you with comparative premium graphs and insurance terms and
Will allow you to compare Member communications, Fund extras and Financial
Member call centre information, contribution collection internet based services
and adviser servicing are available within this section.
Fund governance provides information on Fund Service Providers, Trustee Structure
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