Queensland based super fund Qsuper has topped the Superratings Fund of the Year awards for the second year running as industry funds scooped the pool, taking out seven of the top eight fund positions across a range of categories.
“Since establishing itself as one of the superannuation industry’s great success stories, QSuper has not stopped improving,” said SuperRatings Founder and Chairman Jeff Bresnahan.
The Fund of the Year Awards, now in their 14th year, select award winners based on criteria including investment performance and process, the quality and value of the fund’s services, and their administrative, member engagement, advice and governance structures.
“QSuper’s commitment to its members has been clearly evident across the whole organisation,” Mr Bresnahan said.
“The fund continues to provide real value in its investment options together with a high level of service delivery. Despite a host of contenders, we have decided to return the title to QSuper for another year.”
The award list is as follows
- Fund of the Year Award – QSuper
- Pension of the Year Award – UniSuper
- Choice Super of the Year Award – CareSuper
- MySuper of the Year Award – QSuper
- Infinity Award – Local Government Super
- Best New Innovation Award – Sunsuper Pre-Allocated Retirement Income Account
- Rising Star Award – Mercy Super
- Fast Mover Award – HUB24
In addition to taking out Fund of the Year, the Queensland-based fund also took home the MySuper of the Year Award. The Pension of the Year Award was given to UniSuper for offering the best value retirement product, and CareSuper was awarded Choice Super of the Year after taking it home in the previous year.
The Infinity Award, which recognises leadership in sustainable and ethical practice, went to Local Government Super, while Sunsuper won the Best New Innovation Award for its Sunsuper Pre-Allocated Retirement Income Account.
The Rising Star Award, which recognises the fund that has most improved its value proposition to members over the past year, went to Mercy Super, and the Fast Mover Award was given to HUB24 for achieving the highest level of funds under management growth in 2015/16.