The CoreData Self-Managed Super Fund Service Provider Awards were held last week and recognised the best service providers as rated by SMSF members, financial planners and accountants.
In each category of the Awards, the winner is decided on using a combination of service quality rating and preference of members or financial planners.
The categories include investments, such as; Australian and international shares, commercial property, term deposits and fixed income. There are also non-investment categories; residential property loans, insurance, investment platforms and administration.
AMP proved to be a popular provider when it comes to administration, as financial planners voted Multiport the winner, and members chose Cavendish Superannuation – both AMP services.
Planners also put the bank above the rest when it came to term deposits and commercial property, but members chose UBank and Charter Hall respectively.
Colonial and BT/Asgard were voted the best for investment platforms, and TAL and OnePath took out the insurance section.
AMP SMSF managing director Paul Sainsbury said the fact that AMP was recognised across so many categories, as judged by trustees and financial planners, was an acknowledgement that AMP has quickly established a leadership position in the SMSF space.
“It’s extremely encouraging that both SMSF trustees and advisers have voted us the best in administration and have also acknowledged the quality of our investment options,” Sainsbury said.
He said that a key to AMP’s success was being able to participate right across the value chain, from term deposits to property investment options.
The winners were decided using results from CoreData’s SMSF Service Provider Study 2013, which captured the feedback of 1,400 respondents across several categories, separately judged from the perspective of SMSF members and SMSF advising financial planners.