A key architect of the compulsory retirement savings system lauds its many achievements, stretching from the national economy to the individual. Where it’s double faulting is in serving members – and it needs to be addressed promptly.
With performance and diversification driving demand, these funds are expected to experience four-fold global growth over the next decade to nearly $AU65 trillion.
SuperRatings awards finalists
(Pictured: Adam Gee)
After a year which included a raft of regulatory change and review – especially the introduction of MySuper – the annual SuperRatings awards consist of 10 not-for-profit funds as finalists in each of the ‘super’ and ‘pension’ awards categories.
The finalists for the four main categories were announced last week. Winners will be announced at a dinner at the Ivy hotel in Sydney after the research house’s annual conference, ‘Day of Confrontation’, on October 14. The finalists were chosen from more than 100 MySuper products, 320 accumulation and 170 retirement products, according to Adam Gee, SuperRatings chief executive.
In the other two categories, ‘rising star’ and ‘best new product’, five of the eight finalists are not-for-profit funds. The ‘fund of the year’ award will also be announced at the dinner. The finalists are:
> Super of the Year – CareSuper, Catholic Super, First State Super ,HESTA, HOSTPLUS, QSuper , REST Industry Super, Sunsuper , Telstra Super and UniSuper.
> Pension of the Year – AustralianSuper, AUSCOAL Super, Catholic Super, Energy Super, HOSTPLUS, NGS Super, QSuper, REST Industry Super, Sunsuper and Telstra Super.
> Rising Star – EISS, IOOF, MLC and REI Super.
> Best New Product – ANZ Smart Choice Paperless Rollover Tool, Equip MyPension, InTrust Super E-Signature Technology and NGS Super Income Generator.
Note: Investor Strategy News is a media partner for the awards.
