Archive for category: News & Insights

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Super Fund of the Year Finalists Announcement

SuperRatings is pleased to announce the Super Fund of the Year Awards finalists.

This year’s event reflects our commitment to evolve with the industry as we have joined with Super Review and Momentum Media as the exclusive Research Partner to deliver an awards night dedicated to the superannuation industry.

Join us in celebrating those funds that have delivered outstanding outcomes for their members. Finalists across all award categories have shown great commitment to helping their members navigate a rapidly changing market and we are pleased to be able to help recognise their efforts across our most extensive range of awards yet. The judging criteria for the award categories are both quantitative and qualitative and have considered over 90% of the assets reporting to APRA as part of the process.

You can see the methodology for all awards here.

For a full list of the awards and finalists please visit the link below.

View Awards and Finalists

Congratulations to all finalists and we look forward to recognising those that continue to innovate, develop and deliver strategies that meet the changing needs of their members.

Winners will be announced at a black-tie gala event at Grand Hyatt, Melbourne on Wednesday, 25 October 2023.

Find out more about the Awards night and secure your table

 

 

SuperRatings Pty Limited ABN 95 100 192 283 AFSL No. 311880 (SuperRatings) are acting as a research partner for the Super Review Super Fund of the Year Awards (Awards) issued by Momentum Media Group Pty Ltd on 25 October 2023 .The Awards are determined using SuperRatings proprietary methodologies, are solely statements of opinion, subjective in nature and must not be used as the sole basis for investment decisions. The Awards do not represent recommendations to purchase, hold or sell any products or make any other investment decisions. Investors must seek independent financial advice before making any investment decision and must consider the appropriateness of the information, having regard to their objectives, financial situation, and needs. Past performance is not an indication of future performance. Awards are current for 12 months from the date awarded and are subject to change at any time. SuperRatings does not represent these Awards to be guarantees nor should they be viewed as an assessment of a Super Fund or the Super Funds’ underlying securities’ creditworthiness. SuperRatings receives a fee from the financial product issuer(s) for researching the financial product(s), using objective criteria. SuperRatings’ rating(s) outcome is not linked to the fee or the Award. SuperRatings and its associates do not receive any other compensation or material benefits from product issuers or third parties in connection with the Award. SuperRatings makes no representation, warranty or undertaking in relation to the accuracy or completeness of the Awards. SuperRatings assumes no obligation to update the Awards after publication. The Award is for the exclusive use of the client to whom it is presented and should not be used or relied upon by any other person unless with express permission from SuperRatings. Except for any liability which cannot be excluded, SuperRatings, its directors, officers, employees and agents disclaim all liability for any error or inaccuracy in, misstatement or omission from, this document and any Award or any loss or damage suffered by the reader or any other person as a consequence of relying upon it. ©SuperRatings 2023. All rights reserved.

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Super Fund Update

We recently held our annual updates for Super Funds where we discussed the super landscape over the past year and the focus for SuperRatings this financial year. Watch a summary from Kirby Rappell, Executive Director of SuperRatings.

Disclaimer: Presentation issued by SuperRatings Pty Limited ABN 95 100 192 283 AFSL No. 311880 (SuperRatings). The information used in compiling this data comes from sources considered reliable and is not guaranteed to be accurate or complete. Past performance is not a reliable indicator of future performance. Any expressed or implied rating or advice presented in this document is limited to General Advice and based solely on consideration of the merits of the superannuation financial product(s), without considering any person’s particular financial circumstances. The reader should read the Product Disclosure Statement and seek personal advice before making a decision on the financial product.

SuperRatings’ 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 Disclaimer: © SuperRatings Pty Ltd. All rights reserved. This presentation may also contain third-party material that is subject to copyright. To the extent that copyright subsists in a third party it remains with the original owner and permission may be required to reuse the material. Any unauthorised reproduction of this information is prohibited.

 

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SuperRatings Annual Survey

The SuperRatings annual request for information is just around the corner. We’ll be circulating the survey link shortly.

This is your fund’s opportunity to stand out in an increasingly competitive market. We’re reaching out to you ahead of time to ensure you start preparing for it now.

Your responses to the annual survey account for the majority of your fund’s ratings outcome, so we encourage you to give the survey the time and attention it deserves as this will give your fund the most accurate ratings possible.

Did you know that by completing the annual survey in full, you also maximise your fund’s chance at being nominated for an award at the annual SuperRatings award ceremony. This year, we have over 20 award categories, which is even more reason to ensure you complete the SuperRatings annual request for information.

If you don’t receive the link to the survey in the next couple of weeks, make sure to get in touch with your SuperRatings research analyst to ensure we send the link to the right person.

Kirby Rappell, Executive Director, SuperRatings

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SuperRatings Quarterly Insights – April 2023

It has been a busy start to 2023 for the industry, with regulatory change ongoing and the need to have the right frameworks to assess member outcomes over time more important than ever.

In this edition, we provide an update on SuperRatings’ annual review and research themes for the industry.

What are the pressures facing funds and who is harnessing their scale?

In meeting with funds across the industry, we saw a number of key themes emanating from our reviews. This video outlines some key findings including:

  1. Despite significant investment, funds are still struggling to define their value proposition.
  2. The correlation between net asset growth and operating expense growth is broken.
  3. Competition is heating up between funds, with a strong focus needed on how well funds are harnessing their scale.

Funds of all shapes and sizes face challenges and opportunities. In the current landscape, tracking and managing them is more crucial than ever.

 

Kirby Rappell, Executive Director, SuperRatings

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Administration Landscape Insights

As we look to the future of service delivery in the administration space, we believe supporting funds to enhance their operational efficiencies and drive down costs, the ability to integrate with non-core administration systems, technological capability and adaptability, strong contact centre capabilities, where applicable, and capacity in a merger-heavy operating environment, are key elements impacting successful administration service delivery.

Scott Abercrombie, Head of Superannuation Consulting

Any advice that SuperRatings provides is of a general nature and does not take into account an individual’s financial situation, objectives or needs. Because the information that SuperRatings receives about superannuation and pension financial products is from a number of sources, it is not guaranteed to be completely accurate. Because of this, individuals should, before acting on the information, consider its appropriateness having regard to their own financial objectives, situation and needs and if appropriate, obtain personal financial advice on the matter from a financial adviser. Before making a decision regarding any financial product, individuals should obtain and consider a copy of the relevant Product Disclosure Statement from the financial product issue.

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ESG Research Q&A

We found that most funds follow an ESG integration style approach while low carbon and climate dominate funds’ sustainability themes. This isn’t too surprising given we are seeing a large member focus among funds taking climate action. Another point of interest was that despite almost all respondents considering ESG factors in their investments, only a quarter of funds link portfolio manager key performance indicators to responsible investment practices.

Joshua Lowen, Market Insights Analyst
Camille Schmidt, Market Insights Manager

 

Any advice that SuperRatings provides is of a general nature and does not take into account an individual’s financial situation, objectives or needs. Because the information that SuperRatings receives about superannuation and pension financial products is from a number of sources, it is not guaranteed to be completely accurate. Because of this, individuals should, before acting on the information, consider its appropriateness having regard to their own financial objectives, situation and needs and if appropriate, obtain personal financial advice on the matter from a financial adviser. Before making a decision regarding any financial product, individuals should obtain and consider a copy of the relevant Product Disclosure Statement from the financial product issue.

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Media release: Perpetual Asset Management and Hostplus named major award winners

Lonsec and SuperRatings announced the winners of this year’s Fund of the Year Awards at an awards ceremony in Melbourne on Wednesday night.

The Lonsec Manager of the Year was awarded to Perpetual Asset Management in recognition of its well-established investment philosophy and process, as well as a long standing and strong investment culture.

“Perpetual Asset Management has been committed to its investment style and maintained its approach through multiple investment cycles. It has also broadened its exposure across asset classes and built out its focus on ESG,” said Lonsec Research Executive Director, Lorraine Robinson.

Amanda Gillespie, Perpetual Asset Management Australia Group Executive, said “It’s a tremendous honour to be awarded both the Lonsec Fund Manager of the Year and the Lonsec Multi Asset Fund of the Year, being recognised for our true-to-label approach, broadened investment management capabilities and ESG credentials.”

In a new category introduced this year, the Lonsec Sustainable Fund of the Year was awarded to the Martin Currie Ethical Income Fund. ‘The Martin Currie fund excels at both ESG and Sustainability and has delivered consistent excess returns over the last few years so is a worthy winner of this award,’ continues Lorraine Robinson.

To celebrate the great innovation and development taking place within the industry, Lonsec also recognised the T. Rowe Price Global Impact Equity Fund with the Innovation Award. ‘T. Rowe Price is leading the way in mainstreaming ESG investment strategies and offers a glimpse into the next leg of evolution to dark green products.”

“It was wonderful to be able to celebrate in person this year. Congratulations to Perpetual Asset Management and all the other winners and nominees in this year’s awards.”

The SuperRatings Fund of the Year went to Hostplus, recognising the fund’s strong results across our key assessment areas.

“Each year we examine funds’ end to end offerings across MySuper, Member Choice and Pension offerings to choose the Fund of the Year. Hostplus was competitive across the key metrics of net benefit, member servicing and engagement, as well as providing a broad offering from low cost investing right through to a tailored retirement proposition,” said SuperRatings Executive Director, Kirby Rappell.

Hostplus also received the MyChoice Super of the Year Award for its continued uplift across digital services, whilst executing strategic initiatives to make it easier for advisers to engage with the fund.

David Elia, Hostplus Chief Executive Officer, said “We are honoured to be recognised and awarded SuperRatings’ 2023 Fund of the Year. At Hostplus our members’ best financial interests are at the core of our decision making and the net benefit we provide to them at retirement.”

SuperRatings also announced its MySuper of the Year Award, with CareSuper winning this category. CareSuper also received the Smooth Ride Award, reflecting its focus on risk management and strong outcomes on a risk-adjusted basis. “CareSuper continues to generate strong net benefit outcomes, while also providing a competitive default insurance offering and is a worthy recipient of the MySuper of the Year Award.” said Kirby Rappell

TelstraSuper was awarded Pension of the Year. “TelstraSuper was selected based on the strength of the tailoring within its retirement solution, focus on innovation and digital capabilities, coupled with its strong advice and support services,” said Kirby Rappell.

“It is an honour to continue to recognise the best in the superannuation sector and award those funds which, in the last year, have helped their members to navigate an increasingly volatile landscape.”

Full List of Winners

 

Lonsec Manager of the Year

Perpetual Asset Management

 

Lonsec Multi-Asset Fund of the Year

Perpetual Diversified Real Return Fund – Class Z units

 

Lonsec Active Global Equity Fund of the Year

Ironbark Royal London Concentrated Global Share Fund

 

Lonsec Active Australian Equity Fund of the Year

DNR Capital Australian Equities High Conviction Fund

 

Lonsec Passive Fund of the Year

Vanguard Australian Shares High Yield ETF (Ticker: VHY)

 

Lonsec Active Global Fixed Income Fund of the Year

Ardea Real Outcome Fund

 

Lonsec Active Australian Fixed Income Fund of the Year

Janus Henderson Tactical Income Fund

 

Lonsec Property and Infrastructure Fund of the Year

ClearBridge RARE Infrastructure Income Fund – Hedged

 

Lonsec Alternatives Fund of the Year

PIMCO TRENDS Managed Futures Strategy Fund – Wholesale Class

 

Lonsec Sustainable Fund of the Year

Martin Currie Ethical Income Fund

 

Lonsec Emerging Manager of the Year

Longwave Australian Small Companies Fund – Class A

 

Lonsec Innovation Award

T. Rowe Price Global Impact Equity Fund – I Class

 

SuperRatings Fund of the Year Award

Hostplus

 

SuperRatings MySuper of the Year 

CareSuper

 

SuperRatings MyChoice Super of the Year

Hostplus

 

SuperRatings Pension of the Year

TelstraSuper

 

SuperRatings Career Fund of the Year 

Cbus

 

SuperRatings Momentum Award

HESTA

 

SuperRatings Net Benefit Award

Hostplus

 

SuperRatings Smooth Ride Award

CareSuper

 

SuperRatings Generations Award

Aware Super

 

Release ends
For more information, contact:
Rob Hardy
Robert.Hardy@lonsec.com.au
1300 826 395

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FOTY22: Full List of Winners

Full List of Winners

Lonsec and SuperRatings 2022 Fund of the Year Awards

Lonsec Manager of the Year

Perpetual Asset Management

 

Lonsec Multi-Asset Fund of the Year

Perpetual Diversified Real Return Fund – Class Z units

 

Lonsec Active Global Equity Fund of the Year

Ironbark Royal London Concentrated Global Share Fund

 

Lonsec Active Australian Equity Fund of the Year

DNR Capital Australian Equities High Conviction Fund

 

Lonsec Passive Fund of the Year

Vanguard Australian Shares High Yield ETF

 

Lonsec Active Global Fixed Income Fund of the Year

Ardea Real Outcome Fund

 

Lonsec Active Australian Fixed Income Fund of the Year

Janus Henderson Tactical Income Fund

 

Lonsec Property and Infrastructure Fund of the Year

ClearBridge RARE Infrastructure Income Fund – Hedged

 

Lonsec Alternatives Fund of the Year

PIMCO TRENDS Managed Futures Strategy Fund – Wholesale Class

 

Lonsec Sustainable Fund of the Year

Martin Currie Ethical Income Fund

 

Lonsec Emerging Manager of the Year

Longwave Capital Partners

 

Lonsec Innovation Award

T. Rowe Price Global Impact Equity Fund – I Class

 

SuperRatings Fund of the Year Award

Hostplus

 

SuperRatings MySuper of the Year 

CareSuper

 

SuperRatings MyChoice Super of the Year

Hostplus

 

SuperRatings Pension of the Year

TelstraSuper

 

SuperRatings Career Fund of the Year 

Cbus

 

SuperRatings Momentum Award

HESTA

 

SuperRatings Net Benefit Award

Hostplus

 

SuperRatings Smooth Ride Award

CareSuper

 

SuperRatings Generations Award

Aware Super

 

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Your Future, Your Super Review

SuperRatings supports benchmarking of the industry, although understanding its nuances remains a significant exercise. We believe there are key areas of the Your Future, Your Super legislation which could be improved and are supportive of Treasury’s review and have made a submission reflecting this.

The performance test is increasing the awareness of tracking error relative to the test’s benchmark indices, and the need to track and minimise this. There is a reduction in the willingness and ability to engage in Tactical Asset Allocation and Dynamic Asset Allocation. Furthermore, the current set of indices has the potential to distort investment decisions as well as reduce choice for members. We have seen a material slimming of funds’ investment menus to date.

While the test could be expanded to a broader range of Trustee Directed Products (TDPs), we believe that there is not a clear and consistent definition of a TDP that is understood by, and applied across, the industry. If a common understanding doesn’t exist within the industry, it has the potential to amplify confusion amongst members.

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New MySuper Research Q&A

Can lifecycle MySuper products deliver on their promise of a lower risk position at retirement coupled with competitive returns over a member’s lifetime? Find out how we compare the universe of MySuper products irrespective of whether they follow a lifecycle or single-default strategy.

Bill Buttler, Senior Manager, Consulting

Camille Schmidt, Market Insights Manager, SuperRatings

Please see below a further insight by SuperRatings

‘Making Sense of MySuper Investment Options’

 

Can lifecycle MySuper options really deliver a Magic Pudding or is it all just pie in the sky?

Experience working with members and employers suggests a real lack of understanding of the difference in approach between a lifecycle product and the alternative ‘single strategy’ product type. Yet in a future environment where legislation such as Your Future, Your Super is designed to encourage members to compare performance and determine whether they should potentially change funds, it is fundamental that members should understand and be able to compare the two product types. Particularly, since 37% of the 75 MySuper products registered with APRA as at 31 March 2022 were designated as ‘lifecycle’ products.

Read More
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Contact us

Our team is available to discuss how we can partner with you to empower your investment decisions.

Lonsec Sydney
Level 39, 25 Martin Place, Sydney NSW 2000

Lonsec Melbourne
Level 33, 120 Collins Street, Melbourne VIC 3000

Lonsec Adelaide
Suite 3, Level 2, 12 Pirie Street, Adelaide SA 5000

Phone: 1300 826 395 | Email: info@lonsec.com.au

Important Documents

© 2024 Lonsec Group All Rights Reserved

Important information: Any express or implied rating or advice is limited to general advice, it doesn’t consider any personal needs, goals or objectives.  Before making any decision about financial products, consider whether it is personally appropriate for you in light of your personal circumstances. Obtain and consider the Product Disclosure Statement for each financial product and seek professional personal advice before making any decisions regarding a financial product.