Super Fund RatingsSuper Fund Ratings
The Heron Partnership awards Quality Star Ratings at 5 levels:
Oustanding
Commendable
Good
Poor
UnacceptableOur assessments cover about 150 features of each superannuation product. All of these features are relevant to corporate products. However, some features that we assess are not relevant to retail products, such as clearing house availability, Automatic Acceptance Limits, ability to use an alternative insurer etc. As a consequence, we apply different rating bands to retail products to qualify for the Heron Quality Star Ratings, as follows:
| Rating | Definition | Corporate Funds Score (maximum score 100) |
Retail Funds Score (maximum score 100) |
|---|---|---|---|
| Outstanding | Great depth of features and hence flexibility | Total rating of 80 or above | Total rating of 75 or above |
| Commendable | Offer a good range of options and some flexibility | Total rating of 70 or above | Total rating of 65 or above |
| Good | Basic in their offerings | Total rating of 60 or above | Total rating of 55 or above |
| Poor | Total rating of 50 or above | Total rating of 45 or above | |
| Unacceptable | Total rating under 50 | Total rating under 45 |
There are no restrictions to the number of funds that can receive any of these ratings. Each is individually measured against the set benchmarks using ourassessment methodology.