Super Fund Ratings

The Heron Partnership's superannuation fund rating service covers industry funds, master trusts and multi-employer funds, categorised as either personal or corporate superannuation funds. The 2026 assessment covered the major superannuation products, and included commercial products, industry funds and specialist "corporate" products.

The following superannuation products have been judged as "outstanding" and have been awarded 5 Heron Quality Stars for 2026.

  • Acclaim Super

  • AMP SignatureSuper

  • ANZ Smart Choice Super for employers and their employees

  • Australian Retirement Trust - QSuper

  • Australian Retirement Trust - Super Savings

  • Australian Retirement Trust - Super Savings Business

  • Australian Retirement Trust - Super Savings Corporate

  • AustralianSuper Personal Plan

  • AustralianSuper Plan

  • AustralianSuper Select

  • Aware Super

  • Brighter Super

  • CareSuper

  • Catholic Super

  • Cbus Super

  • Colonial First State FirstChoice Employer Super

  • Colonial First State FirstChoice Wholesale Personal Super

  • Equip MyFuture

  • Equip MyFuture - Corporate

  • eXpand Super

  • First Super

  • HESTA Corporate Super

  • HESTA Super

  • Hostplus

  • Hostplus Executive

  • Hostplus Personal Super Plan

  • IOOF Employer Super

  • IOOF Personal Super

  • legalsuper

  • Media Super Industry

  • Mercer SmartSuper Plan - Employer Section

  • Mercer Super Trust - Corporate Superannuation Division

  • MLC MasterKey Business Super

  • MLC MasterKey Super Fundamentals

  • NGS Super

  • OneAnswer Frontier Personal Super

  • Plum Super - Corporate Division

  • Plum Super - Personal Division

  • Rest Corporate

  • Rest Super

  • Russell Investments Master Trust - iQ Super - Employer

  • Russell Investments Master Trust - iQ Super - For Life

  • smartMonday PRIME

  • Team Super

  • Telstra Super - Personal Plus

  • UniSuper

  • Vision Super - Vision Personal

Due to the varying asset size and operation of corporate superannuation funds, we have segmented the market into 3 categories based on the asset size of a company's superannuation fund. For more details see Corporate Superannuation - Market Segments.

20 Year Anniversary Award

The following products have achieved 5 Stars in every one of the 40 half-yearly assessments we have undertaken over the past 20 years since our public ratings commenced:

  • AMP SignatureSuper

  • Australian Retirement Trust - Super Savings Corporate

  • AustralianSuper

  • CareSuper

  • Equip MyFuture

  • HESTA Super

  • Hostplus

  • Mercer Super Trust

  • MLC MasterKey Business Super

  • Plum Super - Corporate Division

  • Plum Super - Personal Division

  • Rest Super

The MySuper investment option for the following superannuation products have been judged Top 10 MySuper.

  • AMP SignatureSuper

  • Australian Retirement Trust - QSuper

  • AustralianSuper

  • Brighter Super

  • Equip MyFuture

  • HESTA Super

  • Rest Super

  • smartMonday PRIME

  • UniSuper

  • Vision Super - Vision Personal

Disclaimer
The comparative product ratings are undertaken by The Heron Partnership's consultants and are based on analysis of information such as product disclosure statements provided by third parties, as well as general market knowledge. The analysis and information upon which the product ratings are based is considered to be accurate at the time a particular product is rated by us. However, to the extent that the product ratings are based on such third party information, The Heron Partnership gives no guarantee or warranty and makes no representation as to the accuracy or correctness of the third party information and accepts no responsibility for any inaccuracy or incompleteness in the third party information provided to it. The Heron Partnership makes no guarantee or warranty in relation to the investment component or rate of return of any product that it rates.
The Heron Partnership is authorised to provide general financial product advice for certain classes of financial products, including life products, retirement savings accounts and superannuation. We do not provide personal financial product advice. The product ratings have been produced without taking into account any individual's financial needs, circumstances and objectives. To the extent that the product ratings provided through this web site may constitute financial product advice, they are general financial product advice only, and The Heron Partnership provides its Financial Services Guide for your information. Any person should, before acting on such advice, assess the appropriateness of the advice having regard to their own financial situation and consult a licensed financial adviser before making any changes to their financial affairs. In addition, when considering any financial product you should obtain a Product Disclosure Statement produced by the Product Issuer.

MySuper Investment Option

The MySuper investment option for the following superannuation products have been judged as "outstanding" and have been awarded the highest rating with 5 Heron Quality Stars for 2026.

  • AMP SignatureSuper

  • ANZ Smart Choice Super for employers and their employees

  • Australian Retirement Trust - QSuper

  • Australian Retirement Trust - Super Savings

  • Australian Retirement Trust - Super Savings Business

  • Australian Retirement Trust - Super Savings Corporate

  • AustralianSuper Personal Plan

  • AustralianSuper Plan

  • AustralianSuper Select

  • Aware Super

  • Brighter Super

  • BUSSQ MySuper

  • CareSuper

  • Catholic Super

  • Cbus Super

  • Colonial First State FirstChoice Employer Super

  • Equip MyFuture

  • Equip MyFuture (Corporate)

  • HESTA Corporate Super

  • HESTA Super

  • Hostplus

  • Hostplus Executive

  • Hostplus Personal Super Plan

  • IOOF Employer Super

  • IOOF Personal Super

  • legalsuper

  • Media Super Industry

  • Media Super Personal

  • Mercer SmartSuper Plan - Employer Section

  • Mercer SmartSuper Plan - Individual Section

  • Mercer Super Trust – Corporate Superannuation Division

  • MLC MasterKey Business Super

  • NGS Super

  • Plum Super - Corporate Division

  • REI Super

  • Rest Corporate

  • Rest Super

  • Russell Investments Master Trust - iQ Super - Employer

  • Russell Investments Master Trust - iQ Super - For Life

  • smartMonday PRIME

  • Team Super

  • TelstraSuper - Personal Plus

  • UniSuper

  • Vision Super - Vision Personal

Top 10 MySuper Investment Option

Personal

  • CareSuper

  • Catholic Super

  • First Super

  • Hostplus

  • Hostplus Executive & Personal Super Plan

  • legalsuper

  • MLC MasterKey Super Fundamentals

  • NGS Super

  • Telstra Super - Personal Plus

  • UniSuper

Corporate

  • Australian Retirement Trust - Super Savings Corporate

  • Colonial First State FirstChoice Employer Super

  • HESTA Corporate Super

  • IOOF Employer Super

  • Mercer SmartSuper Plan - Employer Section

  • Mercer Super Trust - Corporate Superannuation Division

  • MLC MasterKey Business Super

  • Plum Super - Corporate Division

  • Russell Investments Master Trust - iQ Super - Employer

  • smartMonday PRIME

In alphabetical order the Top 10 Personal and Corporate Products in respect to Insurance Features are:

Personal

  • Australian Retirement Trust - Super Savings

  • AustralianSuper

  • Brighter Super

  • Equip MyFuture

  • Hostplus

  • IOOF Personal Super

  • Mercer SmartSuper Plan - Individual Section

  • Plum Super - Personal Division

  • Russell Investments Master Trust - iQ Super - For Life

  • UniSuper

Corporate

  • AMP SignatureSuper

  • Australian Retirement Trust - Super Savings Corporate

  • AustralianSuper Select

  • Colonial First State FirstChoice Employer Super

  • IOOF Employer Super

  • Mercer SmartSuper Plan - Employer Section

  • Mercer Super Trust - Corporate Superannuation Division

  • MLC MasterKey Business Super

  • Plum Super - Corporate Division

  • Russell Investments Master Trust - iQ Super - Employer

Top Ten Products for Investment & Insurance Features

The following products have been classified as a Top Ten Product for Investment Features and Insurance Features.

In alphabetical order the Top 10 Personal and Corporate Products in respect to Investment Features are: