Money magazine reveals winners of Best of the Best 2020
More than 110 gold-winning products are headlining Money magazine's Best of the Best awards for 2020, announced today.
Now in its 19th year, the Best of the Best awards recognise outstanding financial products and services including credit cards, term deposits, loans, super funds, managed funds, insurance and online brokers; as well as personal and business services such as broadband, phone plans and cars.
Winning the coveted Best Investment Manager is Macquarie Investment Management; while Best ETF Manager is State Street Global Advisors SDPR ETFs. In superannuation, the Best Super Fund is AustralianSuper and the Best Pension Fund is Cbus.
Rainmaker Group managing director Christopher Page presented the awards at a lunch at Establishment Ballroom in Sydney yesterday. Money chairman and chief commentator Paul Clitheroe said the magazine has always highlighted the common sense approach to personal finance.
Household budgets are tight, and making the switch to this year's winners can help alleviate the burden. This can mean saving hundreds of dollars immediately and tens of thousands of dollars over time.
"Choosing the best products can make you 100 to 200% better off - it can help you halve the price of what you may be paying now," says Rainmaker Group's executive director of research and compliance, Alex Dunnin.
"You could double your superannuation savings or investments, double your internet value, half the fuel consumption in your next car," he says.
But figuring out which products offer the best, cheapest, most featured, smartest, and best value can be hard work.
"For most of us, the hardest part of starting a financial makeover is deciding where to begin when considering a change or a new start with financial products," says Money editor-in-chief Michelle Baltazar.
"We recommend you start with three household expenses that take up a big slice of your expenses, such as your home loan, insurance and credit card payments," she says.
Money magazine worked with research houses and industry experts Rainmaker Information (publisher of Money magazine), InfoChoice, WhistleOut and WhichCar to determine the award winners and finalists. The full list of awards is available in the December-January magazine, on sale now.