QSuper incoming CEO Michael Pennisi and CEO Rosemary Vilgan are proud to accept the SuperRatings Fund of the Year Award for 2016. QSuper was also awarded MySuper of the Year for Lifetime and Best New Product for Money Map.
QSuper, one of Australia’s largest super funds, has been named Fund of the Year for 2016 at the SuperRatings Awards^, in Sydney tonight.
Incoming QSuper CEO Michael Pennisi said it was a fantastic achievement.
“Our members are at the heart of everything we do, and being awarded Fund of the Year shows that QSuper’s vision of improving retirement outcomes for our members is being realised,” he said.
QSuper was also awarded Best New Product for its online tool Money Map, as well as MySuper of the Year for the Best Value for Money Default Offering.
“We broke new ground with the launch of Money Map and Online Advice which was a first for the superannuation industry,” Mr Pennisi said.
“Money Map allows a member to bring together all their financial information including savings, mortgage and credit cards in a secure, online dashboard.
“By creating a complete financial picture, members have all the information they need to manage their money better. We want to be our members’ financial partner for life, and this tool helps them achieve their goals.”
Mr Pennisi said the awards were a great acknowledgement of the work QSuper is undertaking and the Fund’s shift from one size fits all to a much more personalised approach.
QSuper Lifetime, the MySuper Product, takes into account a member’s age, account balance and other factors, enabling the Fund to offer members an investment option that is more tailored to the individual.
“Our Lifetime investment option customises default member investment in a way that recognises no two members are the same,” he said.
“We have made significant improvements to our offering for members, including more flexibility, more draw down options, increased access to funds and a streamlined administrative process.”
Mr Pennisi said QSuper’s goal was to become the financial partner of each member and to ensure its products and services continue to meet members’ needs both now and in retirement.
“When we launched Self Invest, our tax savvy direct investment option, we gave members the option to be more hands on with their super.”
Self Invest gives members the ability to transfer the underlying assets from an accumulation account to an income account, without incurring capital gains tax or brokerage fees.
“This is an industry first that could potentially save members thousands of dollars and boost their retirement income,” he said.
“We know that retirement planning doesn’t start on the first day you stop work, it starts much earlier with quality education and advice,” he said.
“These awards are a wonderful acknowledgment of the hard work and dedication from everyone at QSuper to improve retirement outcomes for all our members.”
QSuper is one of Australia’s largest superannuation funds and manages in excess of $60 billion in funds for almost 550,000 members.
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^ SuperRatings does not issue, sell, guarantee or underwrite this product. Go to www.superratings.com.au for details of its ratings criteria. Past performance is not a reliable indicator of future performance.