Sunsuper has taken out the top prize of Super Fund of the Year 2018 at an awards ceremony in Melbourne last night, with the evening also seeing the fund win Best Corporate Solution.
The fund, which is the fastest growing top 10 fund in Australia, scored the highest overall average score for the products assessed by Heron to win.
The Heron Partnership judges were impressed by how Sunsuper strove to keep improving despite already having a strong product range.
“Although their full product range is highly rated, they continue to introduce significant enhancements to their service offering and internal support processes,” the judges said.
The panel also said that its trustee team were well-resourced and “powered by a high-performing organisation”.
Sunsuper chief executive, Scott Hartley, told Super Review that it was “a great honour to win”.
“It’s incredibly humbling as the quality of the industry is so high and there’s such a large number of funds doing so well for members,” he said. “Awards like this motivate the whole industry to keeping working hard for our members.”
“I’m most proud of our extraordinary team who do a great range of things for our members each and every day,” Hartley said.
He was also proud of how the fund prioritises member engagement, pointing to the importance of providing “guidance and advice to help members achieve their retirement dream”.
The Super Fund of the Year awards night was a successful one overall for Sunsuper. The Sunsuper for life Corporate product took out the Best Corporate Solution award, and the fund was a finalist in the Best Industry Fund category.
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
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