AustralianSuper has won Fund of the Year for the third time at the annual Rainmaker SelectingSuper Awards.
Australia’s largest super fund also won the Awards for Best in Show – MySuper product, and Best in Show – Personal product, tallying the most awards of any fund.
For 14 years running, the Rainmaker SelectingSuper Awards have recognised the best superannuation and retirement product providers, as well as the best performers across asset classes such as Australian and international equities, property, ESG, cash and fixed income.
Around one in 10 Australians are AustralianSuper members.
“AustralianSuper is one of Australia’s most consistent investment performers with their flagship MySuper option ranking in the top 10 in three of the past five years. And when it wasn’t top 10 it only just missed out. Their other investments average in the best 10 per cent of all funds,” said Rainmaker Information’s executive director of research and compliance, Alex Dunnin.
Mr Dunnin also lauded AustralianSuper’s transparency and flexibility.
“They were one of the first super funds in Australia to fully disclose everything they invest in and were the first to launch annual general meetings between members and the fund’s key decision makers. They were one of the first super funds to make insurance voluntary for young members below the age of 25. AustralianSuper’s impact is not because of their size, but because of what they do with it.”
AMG Super, Equipsuper, HESTA, Hostplus and Sunsuper all won two awards each. TAL Australia won the inaugural Outstanding Mental Health and Wellbeing Initiative award, and AvSuper was awarded the prestigious MemberSelect for the third time.
Over 80 per cent of the finalists recognised at the Rainmaker SelectingSuper Awards represented the not-for-profit sector.
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