UniSuper named Fund of the Year

UniSuper, the $50 billion superannuation fund for the higher education and research sector was last night named Fund of the Year and Default Fund of the Year at the Conexus Financial Superannuation Awards, held in Melbourne. The win comes at the end of a strong week for the fund, with its Balanced option ranked first in the latest SuperRatings report.

UniSuper has been recognised as the top fund, winning the prestigious Fund of the Year – as well as the Default Fund of the Year – at the Conexus Financial Superannuation awards, announced last night in Melbourne.

Assistant Treasurer and Minister for Small Business Kelly O’Dwyer presented the top award to UniSuper in a pre- recorded video message, in which she acknowledged its position as a leader in independent board representation.

Chief Executive Officer Kevin O’Sullivan accepted the award noting the night’s top honour is a testament to UniSuper’s ongoing commitment to delivering greater retirement outcomes for its members.

“We are extremely proud to be recognised on a national industry level for our dedication to ensuring our members have the very best when it comes to products, services, fees and returns – something which we focus on every single day.”

“The Fund of the Year award confirms our strong performance across all of these aspects and the Default Fund of the Year award demonstrates our strong MySuper default product”, he said.

UniSuper was a finalist in three other categories including Pension Fund of the Year, Member Services Fund of the Year and Large Fund of the Year.

The Conexus Financial Superannuation Awards recognise excellence in the superannuation industry. Award winners set benchmarks for innovation and the provision of outstanding services and support to fund members. Conexus determine the winning funds based on a range of criteria set and applied by an independent expert selection committee.

UniSuper’s success and strong performance continues with the latest SuperRatings report containing good news for its members.

The fund’s Balanced option was ranked first out of surveyed funds for returns over a three-year period1, demonstrating its resilience during an otherwise difficult start to the year for financial markets generally. Its Capital Stable and Conservative Balanced options were also ranked first over three years for the same period2.

Kevin O’Sullivan said: “The high quality and relatively defensive nature of the equity portfolios are the key drivers behind the great results we’ve seen.”