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.
The fund has announced three executive-level appointments, including a new chief investment officer.
The super fund has tapped a former Vanguard and Plato Investment Management executive to lead its fixed interest team.
The firm has grown its wealth management team with an experienced distribution specialist.
The $36 billion fund has announced the appointment of an experienced public sector executive leader.
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