Aware Super named Best Super Fund for 2021 - Money magazine

15 Dec 2020 11:00 AM

Aware Super has been named Best Super Fund in Money magazine’s 2021 Best of the Best Awards.

The awards for Best Pension Fund and Best MySuper Product were taken out by Cbus and AustralianSuper respectively.

HESTA won the most awards, with four, including one of the new awards – Best Innovation – ESG Investment Leadership.

Money magazine’s Best of the Best superannuation awards have renewed focus after amalgamating with the Rainmaker SelectingSuper Awards as a result of Money’s acquisition by the Rainmaker Group in 2019.

The combination saw the superannuation awards on offer increase from 17 awards in 2020 to 25, as asset class top performers were recognised.

Three new Best Innovation Awards were also included, Best Innovation – ESG Investment leadership, Best Innovation – ESG Trailblazer and Best Innovation – Community Partnerships, awarded to HESTA, Australian Ethical and LUCRF Super respectively.

In receiving the award for Best Super Fund, Aware Super chief executive Deanne Stewart congratulated her team.

“It’s been amazing how focused the team has been through Covid-19,” she said. “While we have worked to keep the team focused and looking after their health and wellbeing, they’ve been so motivated to get these deals done as well as other things, because they really understand [why it’s] in our members’ best interest.”

The executive director of research at Rainmaker Information, Alex Dunnin, explained the complex challenge of identifying Australia’s best super funds as part of the awards.

“There are more than 500 super fund products, offering thousands of investment choices. The best performing products are assessed by not just how they went over the past three years, but how they went over the past five and 10 years, as well as the most recent – and turbulent – 12 months to June 30, 2020.”

“Using Rainmaker’s proprietary composite scoring method, this enables us to reward consistency and spot the products that perform the best over both the good times and bad,” said Dunnin.

A notable mention also goes to Cbus Super who dominated the pension product sector, claiming three of the five awards on offer: Best Pension Fund, Best Moderate Pension Product and Best Growth Pension Product.

The full list of superannuation Best of the Best winners is below:

For media enquiries please contact:

Julian Clarkstone

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About Money magazine

Money is Australia’s longest-running, highest-selling and most-read personal finance magazine. Founded in 1999, Money magazine provides credible, independent and easy-to-understand financial information, helping readers to earn more, save more and make the most of their investments.

Money magazine is a Rainmaker Group company.

moneymag.com.au

About Rainmaker Group

The Rainmaker Group was founded in 1992 and has established a reputation as a leading financial services information company in Australia providing market intelligence, industry research, media and publishing, events and consulting services.

Rainmaker produces strategic, tactical, and analytical information about the financial services industry predominantly for superannuation funds, investment managers, financial planners and consumers.

The Rainmaker Group comprises: Rainmaker Information, Financial Standard,
FS Aspire CPD, SelectingSuper, SelectAdviser, Industry Moves, FS Sustainability and Money magazine.

www.rainmaker.com.au

About The Good Super Guide

Rainmaker Information publishes The Good Super Guide, which has been published annually since 2002. The Good Super Guide is the comprehensive handbook on helping Australian’s choose the best super fund for them and their retirement goals.

The guide explains the key elements and options within superannuation and contains perspectives from leading industry experts on what to look for when selecting and monitoring your superannuation provider.

The guide also contains profiles of each superannuation provider across workplace, personal, and retirement product categories as well as highlighting products that have received the Rainmaker Information AAA Quality Assessment Rating.

www.selectingsuper.com.au/contact/good_super_guide

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