Richard Nunn has stepped into his new role as Statewide's chief executive at the right time with figures showing Statewide's MySuper product returning 2.48 per cent above the median, according to the fund.
The industry fund said, according to Chant West, it ranked in the top three funds for investment returns in 2015.
Its MySuper product returned 8.28 per cent, well above the 2015 of 5.8 per cent, the fund said.
Nunn said the strong investment returns demonstrated the exceptional value offered by Statewide.
"Superannuation is a lifetime investment. While positive short-term figures are important for business confidence, we take a broader vew and are committed to successfully combining strong long-term investment returns and low fees to deliver faster growing savings and high retirement incomes for our members," Nunn said.
"…our primary goal is to protect and grow our members' retirement savings by diversifying across a range of asset classes and investing for the long-term."
BlackRock boss Larry Fink praised Australia’s superannuation system in his annual chairman’s letter.
The prudential regulator has announced it will publish new expenditure data of superannuation funds, providing details on expenses like advice, director remuneration, and payments to unions.
Affirming the UK’s growing attractiveness as an investment destination, a number of Australia’s largest investors recently joined the UK Foreign Secretary for an exclusive briefing in Canberra to discuss further opportunities for trade and growth.
The specialist superannuation law advisory practice is set to wind up, with managing partner Jonathan Steffanoni planning to bring a new offering to market.
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