Super Fund of the Year named

Australia's biggest super fund has been crowned fund of the year at this year's Rainmaker SelectingSuper awards in Melbourne this morning.

The $167 billion AustralianSuper took home the coveted title.

Rainmaker executive director of research, Alex Dunnin said: "What makes AustralianSuper stand out from the crowd to be this year's winner is not its size but that as it gets bigger it gets better."

"It does this by not losing sight of its primary mission: delivering solid reliable investment returns after fees year after year and providing just the right type of extra features and services its growing number of members need."

AustralianSuper was also named best in show for its flagship MySuper product.

"It is one of Australia's most consistent investment performers too, ranking in the top 10 in three of the past five years. And when it wasn't top 10 it only just missed out, ranking 16th in 2016 and 15th in 2015," Dunnin said.

Speaking to Financial Standard at the awards, AustralianSuper group executive of membership Rose Kerlin said: "I know that everyone at the fund takes a great deal of personal and professional pride in this recognition."

"My hope is that we continue to work really hard in our own funds but also together to keep improving things for members and also so we can ensure that we have a really fit for purpose system that doesn't leave those that are most vulnerable behind."

AvSuper won the members choice award for the third year in a row, with Rainmaker saying it signifies the funds ability to engage its members.

HostPlus took out the long term performance award and HESTA Core Pool won in the risk-adjusted performance category.

On the asset consulting side, Frontier Advisors was named Best Asset Consultant.

Meanwhile, each year SelectingSuper recognises an industry veteran for their contribution to the super sector and this year HESTA's former chief investment officer Robert Fowler was presented with the Industry Service Award.

In addition to his roles at HESTA between 2004 and 2017, Fowler held roles at BT Funds Management, Suncorp Investment Management and Macquarie in a career that spanned close to 40 years.

The awards recognise Australia's super funds and industry providers that have proved to consistently add the most value to members through sustained investment performance, best value fees and insurance, product innovation and investment leadership.

The winners are selected based on quantitative and qualitative research, including long-term profiling of the super industry and an eye toward current trends in the super industry.

The full list of winners is available below:

Fund of the Year


Best Long Term Performance


MemberSelect Award


Best in Show - MySuper Product


Best in Show - MySuper Lifecycle

Sunsuper for life

Best in Show - Workplace


Best in Show - Personal


Best in Show - Pension

Cbus Super Income Stream

Best Risk-Adjusted Performance

HESTA Core Pool

Best Performance - Australian Equities

AMG Corporate Super

Best Performance - International Equities

WA Super

Best Performance - ESG

HESTA Eco Pool

Best Performance - Cash

AMG Corporate Super

Best Performance - Fixed Income


Best Performance - Property

Sunsuper Super-savings

Best Super Fund for Young Members

ANZ Smart Choice Super

Best Value Insurance

Equip MyFuture & Hannover Life Re of Australasia

Best Insurance - High Risk

Equip MyFuture & Hannover Life Re of Australasia

Best Asset Consultant

Frontier Advisors

Outstanding Mental Health and Wellbeing Initiative Award, presented with SuperFriend


Industry Service Award

Robert Fowler

Read more: AustralianSuperHESTARainmakerHostPlusMySuperSelectingSuperAvSuperAlex DunninFinancial StandardRose Kerlin
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