Industry superannuation fund for hospitality, tourism, recreation and sport, Hostplus, has been recognised at this year’s Rainmaker SelectingSuper Awards.
Hostplus was awarded the MySuper Product of the Year Award and the Long-Term Performance Award, as was also named as a finalist in four other categories.
Rainmaker’s Executive Director of Research and Compliance Alex Dunnin said these awards recognised Hostplus’ performance consistency across the fund’s investment options.
“Hostplus’ MySuper Balanced option has delivered another stunning set of returns to members last financial year, with the fund’s long-term performance recognised as having led the pack over the past 20 years.
“Beyond their sustained industry-leading returns, Hostplus has continued to capitalise on their scale and drive down insurance costs for members – demonstrating the fund’s commitment to providing their one million members with the highest quality investment option on the market,” Dunnin said.
Hostplus CEO, David, Elia, said the fund was delighted to receive both awards yesterday which were a reflection of his team’s efforts to deliver the best possible value to its members.
“In true spirit of our profit-for-member philosophy, we continue to find ways to provide better outcomes for our members by launching new and improved investment options, and honing our already highly competitive and cost-effective insurance offerings.
“The 2016-17 financial year produced an outstanding and unprecedented set of results, and we remain committed to keeping this momentum going,” Elia said.