Local Government Super's (LGS) Accumulation Scheme has kept its five star rating from CANSTAR.
The scheme was one of 11 super funds to get a five-star rating, and one of three to get a five-star rating for all life stages, from starting out to nearing retirement.
The scheme got the rating for the number of investment options on offer, access to voluntary insurance to limited and comprehensive financial planning services, and easy member account access.
CANSTAR looked at the accumulation stage of 74 super funds on offer for personal super investment, and considered the annual cost of the fund and fund features such as ease of member account access, number of investment options offered, and access to voluntary insurance, financial advice and strategy services within the fund.
The superannuation industry will be judged by its member services rather than how effectively it accumulates wealth, according to Stephen Jones.
The profit-to-member super funds are officially operating as a merged entity, set to serve over half a million members.
Super Review announced 21 winners at the annual Super Fund of the Year Awards, including the recipient of the prestigious Fund of the Year Award.
A research firm has given UniSuper a glowing review, praising its strong leadership and “compact team”, as well as its “creditable governance” structure.