smartMonday super funds awarded AAA Quality rating
Sydney, 11 May 2020 – Aon (NYSE:AON), the leading global professional services firm providing a broad range of risk, retirement and health solutions, is pleased to announce its smartMonday suite of super products has been awarded a SelectingSuper AAA Quality rating in a recent industry product assessment.
smartMonday DIRECT, smartMonday PRIME and smartMonday PENSION were assessed and achieved the AAA Quality rating amongst a field of more than 600 superannuation products.
Only one third of Australia’s leading superannuation funds achieved a similar rating.
Shannon O’Shea, Head of Member and Corporate Services at Aon said: “We are so pleased that our smartMonday fund has been recognised with this rating. We are delivering on the commitment to our members to support them with meeting their financial goals, whether they are in the Monday or Friday of their working life. By focusing on the power of smart, easy actions they can contribute to the long-term growth of their super savings.
“This recognition from a leading industry assessor is a great confirmation that we are making real change and pioneering a movement to make Mondays matter for our members, to help them with their financial wellbeing.”
The SelectingSuper AAA Quality Assessments are researched by Rainmaker Information and dissect superannuation products in an attempt to recognise quality and consistency in superannuation offerings.
“The AAA rating is a sign that the fund offers a combination of solid net returns, low fees as well as good value insurance within super,” said Alex Dunnin, head of research at Rainmaker Information. “Achieving a AAA status should be something funds are proud of.”
These AAA Quality assessments are centred on Rainmaker’s independent superannuation research program that spans 3200 investment choices, 2800 fee options and 15,000 insurance policy options covering workplace, personal and retirement products.
Of the 201 products awarded ratings, 154 were derived from not for profit funds whilst the remaining 47 were retail based products.
Find out more about smartMonday by Aon.
smartMonday is a registered trading name of Aon Hewitt Limited (Aon), the sponsor of the Aon Master Trust, an award-winning superannuation fund with a 27 year track record of building strong and stable financial futures for our members.
Rainmaker Information publishes the superannuation information portal SelectingSuper. SelectingSuper brings together superannuation funds, members, employers and financial advisers in the world’s fourth largest pension market.
SelectingSuper empowers members, employers and financial advisers in their search for information about superannuation. SelectingSuper also celebrates the best superannuation funds in Australia through a rigorous research and ratings program, awarding the Rainmaker SelectingSuper AAA Quality Assessment and recognising funds that have excelled through the Rainmaker SelectingSuper Awards, which are held in November each year.