POWERED BY MOMENTUM MEDIA
Member engagement drives VicSuper's success
VicSuper has leveraged its strengths and capabilities and emerged as the Best Public Sector Fund of the year at Super Review’s Super Fund of the Year Awards.
Finalists for the category category, which was assessed according to the depth of features and flexibility, consistency of long-term performance and competitiveness of insurance premiums and costs, were First State Super, Local Government Super, QSuper, Super SA and Vision Super.
The judging panel at Heron Partnership determined VicSuper scored consistently high across all assessed aspects with a competitive long-term investment performance history and a broad member advice service.
The panel said VicSuper had a heavy digital focus in terms of their mobile app, personalised website and projection of income in retirement, and a strong focus on continuous improvement to drive member engagement.
Chief executive officer of VicSuper, Michael Dundon, credited their win to their transparency.
“We’ve tried very hard to demystify superannuation and provide clear messages around the benefits of getting advice with your super.”
The superannuation fund also introduced administration and insurance cost reductions, further propelling them to the top spot.
“It’s a great recognition for the hard work of the team, over the last ten years really, to develop the fund and drive member engagement,” said Dundon.
Recommended for you
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
Vanguard has affirmed its support for the current super performance test, emphasising the importance of keeping the process straightforward.
While some superannuation funds have gone down the route of internalisation, others say they favour ‘smart partnering’ with external managers for diversification appeal.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment