AustralianSuper has been named Super Fund of the Year 2020 at Super Review’s Super Fund of the Year Awards, with its research partner, The Heron Partnership.
The coveted win was based on a holistic assessment of the finalists in each award category and AustralianSuper was deemed to be the most outstanding fund this year.
Heron’s chief executive, Chris Butler, said the fund had strong and consistent long-term investment performance with very competitive fees, and ongoing and evolving plans to pass on benefits of scale to members.
It was also praised for its ability to react and empathise with members in difficult times such as free death cover during COVID-19, its full offering from accumulation to retirement phase, comprehensive member servicing, and its experienced trustee board and executive team.
The full list of winners and finalists were announced through a video which can be viewed here.
The winners:
Best Corporate Solution Product
Sunsuper for Life Corporate
Best Industry Fund
AustralianSuper
Best Public Sector Fund
Aware Super
Best Pension Product
AustralianSuper Choice Income
Best Insurer
MetLife
Best MySuper
Unisuper
Best Commercial Product – Personal
BT Panorama Super
Best Member Engagement Innovation
Russell iQ Super
Super Fund of the Year 2020
AustralianSuper
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Australian Super, the same fund that reduced the value of their unlisted assets by only 9% at the height of COVID while every other asset on the planet was down 30%. The same assets then miraculously increased in value by 7% just prior to the end of the financial year. It's a miracle. Easy to perform well when you control the valuations of the underlying assets and produce your own reporting.
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