SUPERANNUATION FUND OF THE YEAR
WINNER: REST
REST, Australia’s largest superannuation fund in terms of members has been named as SuperRatings Fund of The Year for 2010.
At a gala event attended by over 300 of the industry’s leading figures in Melbourne on Tuesday night, REST took the coveted award away from HOSTPLUS who had won the award for the last three years.
This will be good news for the more than 1.7 million Australians who make up REST’s membership.
Commenting on the award, SuperRatings founder Jeff Bresnahan, said, “At a time when we have experienced some of the worst financial markets ever, REST’s long-term investment strategy has clearly been shown to deliver sound relative benefits to members. When one adds to this their significantly enhanced insurance structures and their continued low fee base, REST is clearly delivering excellent value for money to its huge membership base.”
FINALISTS
- AustralianSuper
- Catholic Super
- First State Super
- HESTA
- HOSTPLUS
- NGS Super
- QSuper
- Sunsuper
- Telstra Super
SUPERRATINGS PENSION FUND OF THE YEAR
WINNER: SUNSUPER
The Sunsuper Pension Option was awarded SuperRatings Pension Fund of The Year, providing their second consecutive award in this category.
FINALISTS
- BUSS(Q) Retirement Pension
- Catholic Super Allocated Pension
- First State Super Retirement Income Stream
- QSuper Pension Account
SUPERRATINGS BEST NEW PRODUCT AWARD
WINNER: AMP Flexible Lifetime Super Easy
A no frills product that reflects a cultural shift within AMP, being the first non-commission product offered by the historically advisor driven entity.
FINALISTS
- Individuum
- Suncorp WealthSmart
SUPERRATINGS RISING STAR AWARD
WINNER: ESSSuper
ESSSuper was named as SuperRatings Rising Star for the significant development of its services to members over the past 12 months.
FINALISTS
- ASSET Super
- LGsuper
- MasterSuper
- OAMPS Super Fund
Super Savvy Award Winner
- FIRST State Super
7 YEAR PLATINUM PERFORMER AWARD WINNERS*
Awarded to those funds that have achieved a Platinum Rating (our highest) for 7 consecutive years
- REST
- AustralianSuper
- HESTA
- MTAA Super
- Sunsuper
5 YEAR SR INDEX INVESTMENT PERFORMANCE AWARDS 2004-2009*
SR50 GROWTH (77-90) INDEX
Investment Option: OSF Super – Mix 90
SR50 BALANCED (60-76) INDEX
Investment Option: Buss(Q) – Balanced Growth
SR50 CAPITAL STABLE (20-40) INDEX
Investment Option: CBUS – Conservative
SR50 INTERNATIONAL SHARES INDEX
Investment Option: Telstra Super Corp Plus – International Shares
SR50 AUSTRALIAN SHARES INDEX
Investment Option: HOSTPLUS Australian Shares
SR50 CASH INDEX
Investment Option: HOSTPLUS Cash
Commenting on the night and the calibre of Australian super funds, Bresnahan said, “Australians are fortunate to have an excellent retirement savings system. Apart from adequacy issues on retirement, the system works well, and provided future government intervention is minimized, people will gradually begin to better understand its advantages.
However, whilst we have a glut of well run and great value for money funds, there continues to exist super funds that offer little relative value which consumers should actively seek to avoid. Whilst super appears to be complex, it is really quite straightforward and Australians are well advised to learn a lot more about what fees they are paying and how their super investments are structured.”
*to 30 June 2009