Universities-focused industry superannuation fund, UniSuper has been named Super Review's Superannuation Fund of the Year.
The award was announced at a gala dinner in Melbourne last night which also saw veteran Mercer executive, Brian Zanker, named at the recipient of the Lifetime Achievement Award for his contribution to the industry.
The awards are conducted by Super Review in association with its research partner, The Heron Partnership and were sponsored by BNP Paribas and Tech Mahindra.
The category award winners are as follows:
Best Public Sector Fund
First State Super
Best Industry fund
UniSuper
Best Insurer
AIA Australia
Best Pension Product
Caresuper Pension
Best Corporate Solution
Sunsuper for Life Corporate
Best Commercial Personal product
BT Super for Life
Best MySuper product
UniSuper
Best Performing balanced Industry Fund
Statewide Super – Balanced
Best Performing balanced Retail Fund
CFS First Choice Wholesale Multi-Index Diversified
Best Performing moderate Industry Fund
First State Super – Conservative Growth
Best Performing moderate Retail Fund
OnePath OneAnswer Personal Super Vanguard CI
Best Performing aggressive Industry Fund
NGS Super – High Growth
Best Performing aggressive Retail Fund
CFS FirstChoice Wholesale Personal Super Multi-Index High Growth
2019 Tender Consultant of the Year
QMV
2019 Investment Consultant of the Year
JANA
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.
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