Super comparison websites
Online super ratings
Super comparison websites can be useful to help you compare
super funds, but don't take their ratings as gospel. Here are some
tips on what you should be aware of when using these websites.
What do super comparison
Super comparison websites rate different super funds,
but you shouldn't choose your super fund on the website
rating alone. Choose a fund that's right for you using the tips on
our choosing a super fund
Here are some examples of super comparison websites:
MoneySmart has not independently verified or approved the
data or ratings published by these websites. These websites are
responsible for their data and publications.
All these websites have some information for free, but some also
offer more detailed information for a fee.
How do super comparison websites
rate different super funds?
Each super comparison website has different views on the best
way to rate super funds. For example, some place the highest
importance on fees. Others may prioritise investment performance
and strategies. Look at the website's explanation of their scoring
What does a top rating really
On some super comparison websites, the majority of super funds
get a top rating. Other websites reserve their top rating for what
they consider the best 10% of super funds.
How do super
comparison websites measure investment performance?
One company, Chant West, calculates investment returns
differently from super funds and other comparison websites.
Everyone deducts investment fees and tax from returns. However,
Chant West shows investment returns before the
deduction of percentage-based administration fees and any ongoing
adviser commissions. Other comparison websites and super funds
typically report investment returns after these
Chant West's approach means that its reported performance
figures can be up to 1.5% pa higher than what the super fund would
No comparison service or fund deducts fixed dollar
administration or member fees (e.g. $50 per year) from
reported investment returns. This is because their impact depends
on the balance in your super account. A $50 per year member fee is
0.5% of a $10,000 super account, but just 0.05% of a $100,000
Don't assume a top-rated fund will get above-average investment
The golden rule is to do your homework when
choosing a super fund and don't rely solely on super comparison
Last updated: 24 Jul 2017