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."
Australia’s second largest super fund has added thermal coal companies to its list of investment exclusions.
The fund has expanded its corporate superannuation solutions to partner with Australian businesses of all sizes.
The chief executive of Aware Super anticipates a significant shift in how ESG factors will influence portfolio values in the next six years, surpassing the changes witnessed in the past two decades.
In a recent statement, shadow assistant minister for home ownership and Liberal senator for NSW, Andrew Bragg, accused ‘big super’ of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
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