The awards recognise best practice in the super industry and, with this year’s theme of resilience, Chant West was looking for funds that demonstrated they could manage an ever-changing environment in relation to investments, regulation and work practices in a way that continued to deliver strong member outcomes.
The Best Fund: Member Services award recognises the super fund that is best engaging their members and leading them towards greater involvement with their super. This includes the information and advice offered to help members grow their super as they approach retirement.
The Corporate Solutions Fund of the Year award acknowledges the super fund operating in this large and important segment of the industry that is working the hardest in the best interests of their corporate plan members, including by harnessing economies of scale.
The Best Fund: Advice Services award is based on the range of financial advice services a super fund offers to its members and how relevant and accessible those services are.
Sunsuper’s Chief Strategy and Impact Officer, Teifi Whatley, said these awards were an honour for Sunsuper and reflected the hard work of the whole Sunsuper team, who remained focused on the best interests of members.
“Our purpose is to inspire and empower Australians to fulfil their retirement dreams,” Ms Whatley said. “As a profit-for-members fund, every day the whole team at Sunsuper work exceptionally hard to serve and deliver for our 1.4 million members and these three awards are truly a reflection of that.
“At Sunsuper, every interaction with our members is driven by our desire to help them achieve financial freedom. We are delighted to be recognised for our ongoing commitment to our members, as well as for our efforts with our employer clients and the financial advice industry.”
This is the seventh year out of the past nine that Sunsuper has won Best Fund: Member Services, the sixth year in a row that Sunsuper has been awarded Corporate Solutions Fund of the Year, and the second time the Fund has been awarded Best Fund: Advice Services.
Sunsuper was also named as a finalist in the following categories: Super Fund of the Year, Pension Fund of the Year, Best Fund: Investments and Best Fund: Innovation.
The awards follow Sunsuper being named by The Australian Financial Review (AFR) Boss as one of the top 10 Best Places to Work in the Banking, Superannuation and Finance category, and being named SuperRating's MyChoice Super of the Year for the second year in a row.
Sunsuper recently announced its intention to merge with QSuper to create a $200 billion superannuation fund with two million members opened to all Australians. The merger is planned to proceed later this year and remains subject to a range of conditions, including regulatory and legislative, and final Board approvals.