First State Super tops industry pension fund survey

7 July 2011
| By Ashleigh McIntyre |

Research firm Canstar Cannex has named the top account-based pension funds open to all individuals, with First State Super topping the list of industry funds.

Also among the top performing industry pension funds were Media Super, AMIST Super, Energy Super and Vic Super, with BUSSQ, LUCRF Super and AGEST Super not far behind.

The number one retail pension fund was offered by AMP Flexible Super.

According the Canstar Cannex head of research Steve Mickenbecker, the firm compared 77 pension funds out of a universe of 350 based on low, medium and high super account balances.

It eliminated those with restricted entry such as many corporate, industry and employer funds.

“Our number one criterion was to compare only those funds which any one of us could join without going through an intermediary such as a financial planners,” Mickenbecker said.

The funds were further judged on 80 features, including the available investment options, payment options, continuance of insurance, availability of advice, performance and investment strategy.

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 5 months ago
Kevin Gorman

Super director remuneration ...

1 year 6 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 6 months ago

Private market assets in super have surged, while private debt recorded the fastest growth among all investment types....

13 hours 9 minutes ago

The equities investor has launched a new long-short fund seeded by UniSuper, targeting alpha from ASX 300 equities using AI insights....

13 hours ago

The fund has strengthened efforts to boost gender diversity, targeting 40:40:20 balance across its investment teams by 2030....

13 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
3