MEDIA RELEASE
RecruitmentSuper awarded 5-star rating from Canstar
Cannex for the second consecutive year
19 September 2011
RecruitmentSuper, for the second consecutive
year, has been named as one of only 12 super funds to be awarded a
5-star rating for 'outstanding value' by Canstar Cannex.
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.
Megan Bolton, CEO of RecruitmentSuper, said the Fund was
delighted to receive the Canstar Cannex 5-star rating for the
second consecutive year.
"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," said Ms Bolton.
"RecruitmentSuper also has a Gold Rating from SuperRatings,
demonstrating the Fund's value for money, and our Growth option
delivered over 11 per cent return for the 2010-2011 financial year.
This was ahead of the median growth for industry super funds'
balanced options of 9 per cent," she said.
RecruitmentSuper has undertaken several initiatives in recent
years to provide better services for members, 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. From
November, RecruitmentSuper will also be improving its insurance
arrangements for eligible members - which will include halving the
total and permanent disability (TPD) waiting period, increasing the
TPD expiry age; and doubling the amount of interim accident
cover.
"In addition to extending and improving our offering to members,
we're continually looking at ways to make understanding super
simple and easy. 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," said Ms
Bolton.
"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," she said.
RecruitmentSuper is a division of Professional Associations
Super. Professional Associations Super is an industry super fund
for professionals operating across a number of key industries. Its
superannuation divisions include RecruitmentSuper, Accountants
Super and Australian Enterprise Super, as well as a pension
division, SMARTpension. With more than 440,000 members nationally
and over $1.7 billion of funds under management, Professional
Associations Super is one of the largest industry funds (by
membership) in Australia.
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