Heron Announces Top Rated Superannuation Products for 2007

Released: 20 March, 2007

The Heron Partnership has now finalised its 2007 assessment of superannuation products and has announced the products that achieved the highest ratings.The Heron Quality Star Ratings assessment covered 137 superannuation products, including 50 retail master trusts, 25 industry funds and all 15 Eligible Rollover Funds operating in Australia.  In addition, 45 master trust and industry fund products designed for the corporate superannuation market have been assessed.

Chris Butler, Managing Director of The Heron Partnership said, “We are delighted to announce that the following products achieved the highest ratings for their respective fund classification in our 2007 assessment”.

Heron’s Top Rated Superannuation Products

Top Rated Retail Product: CARE Super

Top Rated Corporate Product: ING Corporate Super

Top Rated Eligible Rollover Fund: AUSfund

Mr Butler said “Based on our latest assessment we have judged each of these products as outstanding and awarded each the highest rating in their category.  All 3 products achieved excellent results in all Areas of importance that we assess.”

The Heron Partnership’s product ratings are based on feature specific benchmarks which guide Heron’s assessors to rate the feature objectively, with all products in each category therefore being rated on the exact same basis.  The ratings for each feature are aggregated to an overall numeric rating for each product.  The 3 Top Rated products achieved the highest rating for their category.