#1 fund for weathering market ups and downs3
SuperRatings' Pension of the Year three years in a row4
QSuper has won more honours for our members, being named the winner in two categories in the prestigious Money magazine Best of the Best Awards 2021.
QSuper has won the 2021 Best Value MySuper Product and Best Value Super Fund for Young People¹ at the Money magazine Best of the Best awards, announced on 3 December 2020, which recognise Australia’s best-performing superannuation products.
QSuper Chief Executive Officer, Michael Pennisi, said the wins were the latest accolades for QSuper’s performance in a challenging year and recognised that the fund and its unique investment strategy offered value-for-money for members, regardless of their age.
“QSuper has a relentless commitment to create a better future for our members, through the good times and the tough ones. We have worked even harder this year to ensure our members received the information and support they needed, when they needed it,” Mr Pennisi said.
“Our approach to investment is unique in the market and is designed to help our members achieve strong, long-term returns with less volatility. This approach held up strongly through the COVID-19 pandemic.”
The Money magazine accolades come after a series of wins for QSuper members in 2020-21.
QSuper was named 2021 SuperRatings and Lonsec Fund of the Year at the annual awards in October recognising excellence in the superannuation industry.² It was the third time in six years that QSuper has been named Fund of the Year. We also won SuperRatings Pension of the Year for the third year running and the Smooth Ride award for the second year in a row.
Mr Pennisi said QSuper was extremely pleased to be recognised by Money magazine’s Best of the Best awards for the value we provide for our members. The Best Value MySuper Product honour was important in helping provide confidence for members during times of volatility, he said.
“As a profit-for-members fund we work hard to keep our fees low, so more money goes towards our members’ retirement savings,” Mr Pennisi said.
“It is during times of unexpected volatility like we’ve had this year where smart MySuper solutions are even more important.
“QSuper’s investment strategy provides a personal, tailored solution based on age and balance which is reviewed every six months to make sure the member is still on track for retirement. It’s an approach that is unique in the market because it recognises that a member’s needs will change as they progress through life.”
Mr Pennisi said QSuper was delighted that Money magazine’s Best of the Best awards recognised the importance of offering a product that helped young people build their super faster.
“QSuper aimed to give young people who were starting their working life, and those with low balances, the support they needed to grow their savings,” he said.
“Our fees are simple and fair. Unlike some funds, we don’t charge a fixed fee which may eat away at a low balance.
“Instead, we use a percentage-based administration rate that is among the lowest of any super fund in Australia which means more money goes into the member’s account.
“Our fees on low balance accounts are less than half the industry average.³ With a lifetime of work ahead of them, this can make a huge difference to the savings a 20 or 30-year-old will have at retirement.”
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1. Money magazine awards are solely a statement of opinion and do not represent a recommendation to purchase, hold or sell this product, or make any other investment decisions. Ratings are subject to change and are only one factor that you should consider when deciding how to invest your super. Past performance may not be a reliable indicator of future performance. Go to www.moneymag.com.au for details of its ratings criteria.
2. SuperRatings does not issue, sell, guarantee or underwrite this product. Go to www.superratings.com.au for details of its ratings criteria. Ratings are subject to change without notice. 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.
3. Chant West Super Fund Fee Survey, March 2020. The Chant West data is based on information provided by third parties that is believed to be accurate. Chant West does not issue, sell, guarantee, or underwrite this product. The findings are based on account balances of $25,000 and $50,000. Only administration and investment fees and costs are covered. Fees are gross of income tax. Go to chantwest.com.au for further information about the methodology used and Chant West’s Financial Services Guide. For the QSuper Investment options: Lifetime option Focus 1, Aggressive, Growth and Moderate.
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.
QSuper has scored more big wins for members at the prestigious annual SuperRatings and Lonsec awards, recognising excellence in the superannuation industry.
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