The corporate superannuation market is complex and different products have been produced for different market segments, e.g. some products have only been developed for small employers and are not as suitable for very large employers or some products have only been developed for accumulation funds and cannot accommodate defined benefit funds. As a consequence, there has been some common segmenting of the corporate superannuation market along the following lines:
| Market Segment | Asset Size of Fund |
|---|---|
| Small | Less than $10m |
| Medium | $10m to $50m |
| Large | More than $50m |
We have followed this categorisation for our assessment purposes and as a result we have classified the corporate funds into areas in which we believe their competencies are well matched.
Our market categorisation for the leading corporate funds is as follows:
| Product | Small | Medium | Large |
|---|---|---|---|
| AMP Custom Super | |
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| AMP Signature Super | |
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| ANZ Super Advantage | |
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| AON Master Trust - Standard Solution | |
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| Asgard Employee Super | |
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| AWM Spectrum Super | |
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| AustralianSuper Corporate | |
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| AustralianSuper Corporate Solutions | |
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| Aviva Business Super | |
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| AXA Super Directions For Business | |
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| BT Business Super | |
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| BT Lifetime Super - Employer Plan | |
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| CARE Super Corporate | |
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| Colonial First State FirstChoice Employer Super | |
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| Equipsuper Corporate | |
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| Equity Super Freedom of Choice Corporate Super | |
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| ING Corporate Super | |
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| ING Integra Super | |
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| IOOF One Corporate Solutions | |
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| IOOF Portfolio Service - Employer Superannuation | |
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| Mercer SmartSuper | |
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| Mercer SuperTrust | |
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| MLC MasterKey Business Super | |
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| OAMPS Super Fund - Master Fund Division | |
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| Plum Superannuation Fund | |
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| REST Acumen | |
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| Russell SuperSolution Master Trust - Corporate Division | |
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| Sunsuper Corporate | |
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| Tower The ARC Corporate Plan | |
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| Wealthpac Superannuation Service | |
The Heron Partnership follows a consistent and holistic methodology when assessing and rating superannuation funds.