POWERED BY MOMENTUM MEDIA
Competitive fees and forward-thinking
CareSuper’s Pension product has won the Best Pension Product category in Super Review’s Super Fund of the Year Awards, beating out it’s industry and retail peers.
The panel, which assessed investment arrangements, pension payments, death payments, communications and ancillary benefits, determined CareSuper’s Pension was competitive and forward-thinking.
Chief executive of CareSuper, Julie Lander, said returns were very solid, driving home the strength of the fund’s net returns.
“We also have an easy way to move to the accumulation phase from the pension phase through our online portal,” she added.
Heron’s judges named excellent long-term investment performance, competitive fee structure, positive net promoter score and a dedicated pension line as key factors that led to the fund’s success.
As well, the fund was clearly member-focused, with an online application process and a mobile app to view and update pension details already established, and further enhancements planned over the next 18 months.
The Pension product also included advice around non-financial issues like mental wellbeing and having a purpose in retirement and a good range of investment choices for its members.
“Over the last year we have worked on helping members understand the broader aspects of retirement, not just the financial ones, to reach a purposeful and connected retirement,” said Lander.
Lander said given retirement could be up to 30 years, the fund placed a focus on making sure it was “purposeful and connected”.
The panel looked at how each fund assisted members to maximise retirement outcomes and pointed to the fund’s education program, which was expanded to include pension members.
Finalists included AMP’s Signature Super Allocated Pension, the Asgard Infinity eWRAP Pension, AustralianSuper’s Choice Income, BT’s SuperWrap Pension Plan, Colonial First State’s FirstChoice Wholesale Pension, IOOF’s Pursuit Select Associated Pension and MLC’s Navigator Retirement Plan Series 2 – Pension Service.
Recommended for you
The super fund announced that Gregory has been appointed to its executive leadership team, taking on the fresh role of chief advice officer.
The deputy governor has warned that, as super funds’ overseas assets grow and liquidity risks rise, they will need to expand their FX hedge books to manage currency exposure effectively.
Super funds have built on early financial year momentum, as growth funds deliver strong results driven by equities and resilient bonds.
The super fund has announced that Mark Rider will step down from his position of chief investment officer (CIO) after deciding to “semi-retire” from full-time work.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
76.97 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
76.46 3 y p.a(%)
3
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
51.13 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
45.15 3 y p.a(%)
5
Select Baker steel Gold Institutional
43.78 3 y p.a(%)
