How The Winners Are Chosen

Thousands of products were compared across superannuation, managed funds, ETPs, banking, insurance, brokers and broadband/ mobiles

- Alex Dunnin

It’s no easy task to identify Australia’s best (and best-value) superannuation funds, managed funds, exchange-traded products (ETPs), banking products, and insurers. There were hundreds of product providers and thousands of products, choices, and options to assess.

Rainmaker Group, the publisher of Money, has been reviewing superannuation, managed funds, and their investment managers for more than 20 years and this year we again led the reviews and assessments for the Best of the Best awards. Rainmaker is also the publisher of the SelectingSuper website, The Good Super Guide, and The Good Investment Guide. To conduct the banking products assessments, Rainmaker and Money teamed with InfoChoice, one of Australia’s leading financial product comparison websites.

Reviewing each market segment requires a different approach, and the sections below describe how each category was decided.

Superannuation

There are more than 500 super funds and products offering tens of thousands of investment choices. Money’s superannuation awards span the best-performing products, best-value products, and best value for insurance.

To find the top-performers, Rainmaker reviewed MySuper products and asset classes that include growth, balanced, moderate (capital stable), equities, property, bonds, cash, and ESG investment options. MySuper products are default flagship products used by most employees for their employer-paid superannuation. They hold about $730 billion and for most people are the cornerstone of their super.