Your super fund’s performance has a big impact on how much money you’ll have at retirement. So, how do you know if your fund is a great performer?
How to compare super funds
- Look for good performance over a five or 10-year period rather than exceptional performance for just a year or so. Super is a long-term investment.
- Be sure to factor in fees when you’re checking performance figures – but remember that low-fee funds may not perform as well and may offer less in the way of products and services.
So, the trick is to find a fund with good returns and low fees – plus the benefits you need.
A platinum-rated super fund in 2020
This year, SuperRatings™ awarded us a 'Platinum' Rating'. SuperRatings™ is a rating company that reports on super fund investment returns, benchmarks super funds and pension funds, and ranks super funds based on investment performance, fees, insurance options and non-super services.A Platinum rating indicates a ‘best value for money’ super fund that is well balanced across all key assessment criteria – investments, fees and charges, insurance, member servicing and administration in a robust, secure and proven governance/risk framework.
We were also nominated as a finalist for the SuperRatings Momentum award. This award recognises the fund that has made significant progress on enhancing its strategic positioning in coming years.
In 2019, we were the winner of the SuperRatings Rising Star award recognising the significant enhancements we’d made to the value proposition offered to our members over the past year.
We offer a range of excellent benefits and services for members and employers at a very low cost – our member administration fees are lower than those of most retail funds. Employers don’t pay any fees at all.
Clearly, you can have confidence that you’re with a quality fund.
A five-star quality rating
In 2020, Tasplan Super was judged as ’outstanding’ and awarded 5 Heron Quality Stars for 2020.
Scoring 5 out of 5 stars indicates a score of 80 or more out of 100. This score is awarded to a fund that is ‘outstanding’ – that is, ‘an outstanding product with a great depth of features and hence flexibility’.
Tasplan’s MySuper investment option also received 5 stars in 2020 and in 2019 was judged in the Top 10 MySuper investment options by Heron.
Visit heronpartners.com.au for more information.