Conexus Financial has revealed shortlists for the large, medium and small fund categories ahead of the Conexus Financial Superannuation Awards at the Crown Palladium, Melbourne, on March 3, 2016.
Large super funds are defined as those that have more than $10 billion in assets; medium super funds as those between $5 billion and $10 billion; and small super funds are those with up to $5 billion.
The shortlists, in alphabetical order, are:
Shortlist – fund of the year:
- AustralianSuper
- Plum Superannuation Fund
- QSuper
- UniSuper
Shortlist – medium fund of the year:
- Care Super
- Energy Super
- Local Government Super
- MTAA Super
Shortlist – small fund of the year:
- Aon Master Trust
- Kinetic Super
- legalsuper
The independent awards committee was chosen for its broad range of stakeholders, with consumer groups, industry knowledge and industry analysts all represented. The committee selected those on the shortlists by breaking down a super fund into the key components and placing weightings on what they considered to be the most important criteria. RiceWarner then ran a rigorous quantitative assessment of entrants based on those weightings.
The weightings used for large, medium and small super funds of the year were:
- Fees: 20 per cent
- Member services (including calculators, website, advice, ancillary, KPIs and complaints): 20 per cent
- Investment (including projections, volatility, flexibility, range and performance): 40 per cent
- Insurance (including features and premiums): 10 per cent
- Pension (including TTR, CGT, frequencies and other): 10 per cent
The members of the nomination committee are:
Nick Sherry – committee chair; senior adviser, superannuation and pensions, Citi; chairman, FNZ; former Minister for Superannuation and Corporate Law; former Senator for Tasmania
Tom Garcia – chief executive, Australian Institute of Superannuation Trustees
Alan Kirkland – chief executive officer, CHOICE
Sally Loane – chief executive officer, Financial Services Council
Michael Rice – chief executive officer, Rice Warner
The Hon Bernie Ripoll MP – Federal Member for Oxley; former Shadow Minister for Financial Services and Superannuation; former chair of the Parliamentary Joint Committee on Corporations and Financial Services
Colin Tate – chief executive, Conexus Financial
The winners of the Conexus Financial Superannuation Awards 2016 will be unveiled at a special black tie event at Palladium at Crown, Melbourne, on March 3, 2016. You can purchase tables of ten or single tickets by clicking here.
Conexus Financial has drawn on its extensive contacts and resources to involve an esteemed list if VIPs to present the awards and further honour the important contribution the superannuation sector makes to Australian society and the economy.
The Conexus Financial Superannuation Awards are sponsored this year for the third time by Vanguard, and for the first time this year by AIA Australia.
