The finalists for the Chant West 2016 Super Fund Awards have been announced. The awards span 12 categories, including Super and Pension Funds of the Year.

The finalists for Super Fund of the Year are AustralianSuper, CareSuper, Equip, First State Super, HESTA, HOSTPLUS, QSuper, REST, Sunsuper and UniSuper.

The finalists for Pension Fund of the Year are AustralianSuper, Colonial First State, First State Super, MLC, QSuper, REST, Sunsuper, Telstra Super, UniSuper and VicSuper.

Funds that have been nominated in four or more categories are AMP, AustralianSuper, CareSuper, HESTA, Mercer, MLC / Plum, QSuper, Russell, Sunsuper, UniSuper and VicSuper.

"We rated about 190 super funds and 100 pension funds in late 2015 in preparation for this year's awards," says Chant West principal, Warren Chant. "For super funds, this involves scoring them on about 120 factors under our six main criteria."

Funds are scored on each of these criteria, applying the weights shown in the table below to arrive at the overall scores. The two most important criteria – investments and member services – together account for 60% of a fund's overall rating.

Awards-methodology.PNG

"Our starting point in deciding the finalists in each award category is to consider the top 10 to 15 scores for the relevant criteria from our ratings process. So, for example, the finalists for the Best Fund: Member Services are those that scored highest on that criterion alone." Chant says.

"Our research team then debates those scores to see whether they truly reflect our view of the funds given our experience and knowledge of them.  In some cases, the debate causes us to revisit our scores, and may result in a change to our rankings."

The process is applied to each award category, and senior management also review the entire process for its robustness and consistency.

For a complete list of finalists and more information, see Finalists 2016.

The Chant West 2016 Awards are sponsored by AIA Australia & Pillar Administration, and the winners will be announced at a black tie function at the Ivy Ballroom, Sydney on May 4. To register, visit www.chantwestawards.com.au.

Disclaimer: ©Zenith CW Pty Ltd ABN 20 639 121 403 (Chant West), Authorised Representative of Zenith Investment Partners Pty Ltd ABN 27 103 132 672, AFSL 226872 under AFS Representative Number 1280401, 2021. This website is only intended for use by Australian residents and is subject to use in accordance with Chant West’s Terms of Use and should be read with Chant West’s Financial Services Guide. Products, reports, ratings (Information) are based on data which may be sourced from a third party and may not contain all the information required to evaluate the nominated product providers, you are responsible for obtaining further information as required. To the extent that any Information provided is advice, it is General Advice (s766B Corporations Act). Chant West has not taken into account the objectives, financial situation or needs of any specific person who may access or use the Information provided. It is not a specific recommendation to purchase, sell or hold any product(s) and is subject to change at any time without prior notice. Individuals should consider the appropriateness of any advice in light of their own objectives, financial situations or needs and should obtain a copy of and consider any relevant PDS or offer document before making any decision. Information is provided in good faith and is believed to be accurate, however, no representation, warranty or undertaking is provided in relation to the accuracy or completeness of the Information. Information provided is subject to copyright and may not be reproduced, modified or distributed without the consent of the copyright owner. Except for any liability which cannot be excluded, Chant West does not accept any liability whether direct or indirect, arising from use of the Information. Past performance is not an indication of future performance.

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