Along with a revamped awards evening, at a black-tie event in Melbourne on October 30, SuperRatings and its associate company Lonsec, have come up with a revamped list of awards categories to fit the industry’s changing landscape.
The awards categories include new awards such as ‘Momentum’ fund of the year and ‘Smooth Ride’ fund of the year. In the wholesale area covered by Lonsec, a new award is the ‘Investment Option’ award.
Kirby Rappell, SuperRatings executive director, says that the ‘Momentum’ award aims to recognise funds which are making big strategic calls to change the way that they engage with members and do business generally. The finalists there are Cbus, HESTA, Mercer Super Trust, Rest Super, Sunsuper and Tasplan.
The ‘Smooth Ride’ award, Rappell says, has been interesting in its judging, because the stakeholders in most funds have been looking for “black and white” answers to questions which cannot all be answered in such a fashion.
“For example,” he says. “A lot of members are now more worried about protection. So, what we’ve done is look at the funds which have had the best risk-adjusted returns and which are also targeting their solutions back to member needs.”
‘Smooth Ride’ finalists are: CareSuper, Cbus, Commonwealth Super Scheme, HESTA, Media Super and QSuper.
There is no Pendal-sponsored innovation-in-retirement award this year, due to market and regulatory factors (the Government’s retirement incomes inquiry being a main one) but there remains the ‘Best New Innovation’ award (is that a tautology?). The finalists there are: First State Super, HostPlus, InTrust, Kogan Super (now that’s interesting), Raiz invest Super, and Sunsuper.