Local Government Super's Account-Based Pension Plan has been awarded a five-star rating from CANSTAR.
This is the second year since 2013 the product has been award the five-star rating since 2013 for outstanding value.
"Demand for account-based pension products has been growing due to the fact that they can provide a tax-effective income stream, especially in the current low interest rate environment." LGS chief executive, Peter Lambert, said.
The LGS product was recognised for its overall pricing, range of investment options, member education, member benefits, and death benefit/ beneficiary options available.