Sunsuper has taken out the top prize at the Super Fund of the Year Awards 2018, held by Money Management’s sister publication Super Review in partnership with the Heron Partnership, at an awards ceremony in Melbourne last night.
In a week where the focus has been on misconduct in the super industry, the awards night, held by Money Management’s sister publication Super Review, in partnership with the Heron Partnership, shed a light on the good superannuation funds strive to do.
Sunsuper, which is the fastest growing top 10 fund in Australia, scored the highest overall average score for the products assessed by Heron to win overall Super Fund of the Year 2018.
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 Money Management 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.
The other winners on the night were:
- Best Public Sector Fund: VicSuper
- Best Industry Fund: Hostplus
- Best Insurer: AIA
- Best Pension Product: CareSuper Pension
- Best Corporate Solution: Sunsuper for life Corporate
- Best Commercial Personal Product: Russell Investments – iQ Super; and
- Best MySuper Investment Option: AustralianSuper.
Michael Dwyer, chief executive of First State Super, was awarded the Lifetime Achievement award, reflecting a career of leadership and commitment within the financial services and superannuation industry.