UniSuper has been named Super Fund of the Year at the 10th annual Chant West Super Fund of the Year Awards in Sydney.
More than 250 guests from across the industry embraced the opportunity to celebrate in-person, watching on as TelstraSuper took out the other major award, Pension Fund of the Year.
UniSuper also took home Best Fund: Advice Services, while last year’s Fund of the Year, AustralianSuper, took home Best Fund: Investments.
This year saw the introduction of a Best Fund: Responsible Investment category, acknowledging the growing importance of this issue for fund members and the broader community, which was won by Aware Super.
The other category winners were:
The theme this year was ‘Raising the Bar’ and Chant West general manager, Ian Fryer, acknowledged the Government and regulators had recently raised the bar for super funds with member outcomes assessments, heatmaps and the performance test.
“For our 2022 ratings, we’ve also raised the bar on the standard we require for a fund to receive our highest rating of five apples. In this year’s awards we wanted to highlight those funds that keep raising the bar to drive better outcomes for their members,” Fryer said.
“The awards was a wonderful celebration of the hard work that funds do to deliver a financially comfortable retirement for their members.”
The $9 billion fund is backing agriculture investor GO.FARM, with its capital already directed towards enhancing two key assets.
Brighter Super is considerably scaling down the investment options it offers members in order to reduce costs.
Amid a challenging market environment, three super fund CIOs have warned against ‘jumping at shadows’.
The professional body is calling for the annual performance test to transition to a two-metric test, so it better aligns with the overarching duty of super fund trustees to act in the best financial interests of their members.
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