AUSTRALIA - RecruitmentSuper has been awarded a five-star rating for "outstanding value" for a second consecutive year.
Canstar Cannex compared 81 public offer funds across four profiles that reflect typical life stages; from those new to work through to those approaching retirement. They reviewed over 80 product features including investment options, account access, insurance options and premiums, availability of advice, fund performance and investment strategy, and found RecruitmentSuper's SelectSuper product to be one of the best in the market.
RecruitmentSuper CEO Megan Bolton said:"We've worked hard to offer our members a superannuation fund that they can feel confident investing their money with, particularly in uncertain financial times.
"RecruitmentSuper also has a Gold Rating from SuperRatings, demonstrating the fund's value for money, and our Growth option delivered over 11% return for the 2010-2011 financial year. This was ahead of the median growth for industry super funds' balanced options of 9%.
The award follows several intitiatives undertaken by RecruitmentSuper in recent years, including establishing an investment framework that maximises growth potential whilst mitigating against short-term fluctuations and working to improve online services for members and employers.
"In addition to extending and improving our offering to members, we're continually looking at ways to make understanding super simple and easy," Bolton added. "Our member service consultants are available to help members understand the investment and insurance options available to them, as well as assist with completing forms, finding lost super and consolidating their other super funds.
"We're very proud of what we've achieved to date, and look forward to new innovations within the fund that will improve member services even further."
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