QSuper, one of Australia’s largest super funds, has been named Pension Fund of the Year at the 2014 Chant West Fund Awards, held in Melbourne last night; the second year in a row the Fund has received the accolade.
QSuper CEO and 2013 Telstra Australian Business Woman of the Year, Rosemary Vilgan said it was a great honour to be recognised in this category, with pension members a key focus for the Fund.
“Our members are at the heart of everything we do and to be named Pension Fund of the Year for a second time is a great endorsement of our ongoing work to deliver the best outcomes for our members,” Ms Vilgan said.
“QSuper is committed to continually improving our products and services, so when members told us they wanted more from their pension account we took action.
“This year we improved our pension offering in direct response to member feedback asking for more flexibility and more control over their funds. The QSuper Income Account expanded the draw down options to include a fortnightly option, increased members’ access to their funds and streamlined the administrative processes,” Ms Vilgan said.
“New features also include the ability to increase payments from the account annually with inflation. This means payments can be increased inline with the annual rate of CPI, making it easier for members to ensure their income keeps up with the increase in living costs,” Ms Vilgan said.
“We have also continued to demonstrate to members that retirement planning doesn’t start on the first day you stop work, it can actually start much earlier with quality education and advice. In the lead up to retirement QSuper members have access to a range of seminars, information, online calculators and advice through QSuper and QInvest1, all designed to help them improve their retirement outcome.
“This award is a welcomed acknowledgement of the journey we are undertaking at QSuper to improve retirement outcomes for our members,” she said.
QSuper was a finalist in five of the 10 Chant West Fund Award categories: Super Fund of the Year, Pension Fund of the Year, Best Fund: Member Services, Best Fund: Innovation and Best Longevity Product.
1. QInvest Limited (ABN 35 063 511 580, AFSL and Australian Credit Licence number 238274) is ultimately owned by the QSuper Board (ABN 32 125 059 006) as trustee for the QSuper Fund (ABN 60 905 115 063), and is a separate legal entity which is responsible for the financial services and credit services it provides.