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Canstar ABP Outstanding value F

Canstar 5-Star rating: 6 years in a row

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Pushlished date icon Published on 26 Sept 2023

Prime Super has been awarded Canstar’s highest star rating for its account-based pension product: the “Canstar 5-Star Rating for Outstanding Value Account Based Pension 2023”.

This year’s award follows Canstar’s acknowledgements for the outstanding quality and value of Prime Super’s account-based pension product in 2022, 2021, 2020, 2019 and 2018.

Canstar evaluated and compared the account-based pensions of 42 super funds using five diverse consumer profiles. The unique methodology compares a range of qualities and the performance of account-based pensions, taking into consideration:

  1. Fees
  2. Annual investment returns, and
  3. Product features.

Canstar Ratings Manager Joshua Sale said the past 12 months had seen significant change in the superannuation industry.

“Performance returns are always crucial in account based pensions, with a fund’s ability to regularly outperform its peers the primary factor in these Star Ratings and Awards.

“With 2021-22 seeing a significant downturn in equity markets, asset allocations and how funds managed their risk versus returns came into heightened focus,” said Mr Sale.

This year, Prime Super was one of only five providers to receive the highest outstanding value award and a 5-Star rating after 285 account-based pension products (also known as allocated pension products) were compared across the superannuation industry,

The Canstar 5-Star rating is designed to help consumers find products offering the best value and this year Canstar assigned between one and five stars to just 10 per cent of the products compared.

In awarding its highest 5-Star rating to Prime Super in 2023 Canstar marks the sixth consecutive year of the fund being a highly rated provider of outstanding value—something everyone at Prime Super is delighted to pass onto its valued members.

Find out more

Ratings is one factor in considering a super fund. We recommend you read our Product Disclosure Statement (PDS) and consider your needs before deciding whether Prime Super is suitable for you. If you’d like to find out more about Prime Super’s award-winning account-based pension products and investment options, book a chat with one of our Super Specialists today.

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*Past performance is not an indicator of future performance.

This article is current at the date of publication and is subject to change. It contains general information and does not take account of your specific objectives, financial situation or needs or personal circumstances. You should seek professional financial advice, consider your own circumstances and read our Product Disclosure Statement (PDS) before making a decision about Prime Super. For a PDS and Target Market Determination call 1800 675 839 or visit the primesuper.com.au/pds. Prime Super Pty Ltd ABN 81 067 241 016 AFSL 219723 RSE L0000277 (Trustee), Prime Super ABN 60 562 335 823 RN 1000276.