Nearly every Australian has super, but its settings don’t work for every Australian, according to the First Nations Foundation, which is advocating for changes around estate planning and the preservation age to make the system fairer.
Betting against acts of God is a great way to make money, but institutional allocations to natural catastrophe reinsurance have stayed relatively static even as some managers are generating double-digit uncorrelated returns.
Smaller funds make it as SuperRatings finalists
Kirby Rappell
SunSuper, Catholic Super, QSuper and Telstra Super are the only funds to make it to the finalists’ lists of each of the three major categories in the SuperRatings awards this year. The awards and preceding ‘Day of Confrontation’ have moved from the Ivy to the Four Seasons Hotel in Sydney to accommodate an expected record 400 attendees.
Another feature of the finalists is that the main categories have not been quite so dominated by the very large funds this year. According to Kirby Rappell, SuperRatings head of research: “It’s nice to see a couple of small funds coming up the charts, suggesting it’s not time to switch the lights off just yet, as well as some larger funds making good strides.”
Smaller funds as finalists include Intrust, for MySuper of the Year, and Club Plus Super, for Pension of the Year.
The awards have been slightly expanded this year by splitting the accumulation-phase category into two: MySuper of the Year and Choice Super of the Year.
In other categories, One Vue scored a finalist spot for the Rising Star Award and also with its client brightday Complete Super, owned by News Corp’s Eureka Report, as a Best New Product finalist.
Adam Gee, SuperRatings chief executive, said: “Despite the strong focus by many providers on enhancing the quality of retirement outcomes for members, the variance in products quality remains as great as ever…. The awards recognise the highest quality superannuation products in the market and, as with every year, remain hotly contested.”
The finalists in the six categories are:
