QSuper named Pension of the Year

QSuper is celebrating another coveted award win for members, this time at the 17th Annual SuperRatings Fund of the Year Awards presented on Wednesday, 30 October 2019.

 

The SuperRatings awards recognise the best funds within Australia’s superannuation industry that the ratings agency considers are truly delivering for their members.

QSuper is honoured to be once again named among the nation’s top performers after another year of achieving strong outcomes.

QSuper has been awarded the SuperRatings Pension of the Year for the second year running, recognising our Income account has continued to deliver a variety of investment choices and flexible payment frequencies with the objective of keeping fees low. Our unique Income Account Transfer Bonus has delivered more than $25 million to around 14,500 members on commencing their Retirement Income account.

QSuper has also received the SuperRatings Smooth Ride award, which embodies what we aim to achieve for our members: strong returns with less volatility, allowing members to feel confident they are with a top-performing Australian fund.

A win for members

As custodians of our member’s retirement savings, a win for QSuper is a win for members.

QSuper Chief Executive Officer, Michael Pennisi, thanked SuperRatings for their recognition of QSuper’s strong performance, low fees and unique investment strategy.

“Being a profit-for-members fund, our members are at the heart of everything we do and we are delighted to be recognised for the success QSuper has achieved on their behalf,” Mr Pennisi said.

“QSuper introduced its risk-based investment strategy in 2011 with the objective of helping our members achieve strong long-term returns, with less risk.

“Our focus on achieving this goal hasn’t wavered. QSuper now has $113 billion funds under administration and has been ranked number one for member satisfaction with financial performance across Australia’s 15 largest super funds.¹”

QSuper has been helping generations of Australians with their financial future for more than 100 years.

“I thank all of our 585,000 members for the faith they place in us to help them with their retirement savings, so that they can enjoy life today knowing their financial future is in safe hands,” Mr Pennisi said.

Awards are a testament to QSuper’s success in providing the support, products and services that have worked hard for members during their working lives and through their retirement years.”

More details on awards won by QSuper are available here.

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1. Funds under administration as at 30 June 2019. Net assets include the retirement funds managed by QSuper and employer-sponsor receivables for Defined Benefit members managed and held by Queensland Treasury. Roy Morgan, Superannuation Satisfaction: Satisfaction with Financial Performance of superannuation in Australia. 6 months to April 2019, n=16,649, Base: Australians aged 14+ with work based or personal superannuation. 15 largest super funds based on customer numbers.

Past performance is not a reliable indicator of future performance. SuperRatings does not issue, sell, guarantee or underwrite the above-mentioned products. Go to www.superratings.com.au for details of its ratings criteria. Past performance is not a reliable indicator of future performance. Ratings, awards or investment returns are only one factor that you should consider when deciding how to invest your super.