By Ian Neubauer

Industry super fund, Hostplus, has been named 2009 Fund of the Year for the third consecutive year by SuperRatings,

Hostplus CEO, David Elia, said the award was recognition for the fund’s consistent performance.

“All financial services providers are operating in a period of unprecedented market volatility,” he said. “This award is a real tribute to everyone at Hostplus and our progressive board, who give us the courage and freedom to find and develop clear and sustainable points of difference for our fund.”

SuperRatings assessed over 240 of Australia’s major superannuation products for the 2009 Fund of the Year Award. Areas reviewed included quantitative and qualitative assessments of investments, fees, insurance, service delivery, member education, financial planning facilities, employer support and fund governance.

SuperRatings managing director, Jeff Bresnahan, said Hostplus had been rewarded for its consistency across a number of categories, including its competitive fees and solid investment performance and for its member communication strategy.

“On every major investment option they’ve got, they are in the top 10 across every time period,” he said. “They’ve just done things differently in trying to communicate with their membership.”

Hostplus is the national superannuation fund for the hospitality, tourism, recreation and sport industries in Australia. It was jointly established by the AHA and the Liquor Hospitality and Miscellaneous Union (LHMU) in 1987.

Hostplus today is one of the largest super funds in Australia with more than 900,000 members, 50,000 employers and $7 billion of funds under management.


The Shout Team

The leading online news service for Australia's beer, wine, spirits and hospitality industries.

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