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New investment approach pays off for RecruitmentSuper
RecruitmentSuper has attributed an overhaul of its investment approach for the fund receiving a five star rating in the recently released Canstar Cannex product ratings.
RecruitmentSuper was one of 10 superannuation funds to receive a top rating, and chief executive Megan Bolton said the award was a validation of almost two years’ work transforming the fund to be more competitive.
“In 2008 we appointed a chief investment officer to drive competitive performance, and changed our investment objectives, philosophy and principles,” Bolton said.
“Our ranges of investment options were streamlined to maximise the economies of scale of the fund.”
The fund has also recently upgraded its website and member online services, and the fund’s member services arrangements also provide access to Outlook Financial Solutions, she said.
Canstar Cannex compared 70 public offer funds and excluded wraps, platforms; self managed super funds, corporate super funds and other investments that are not open to the general public.
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