Hostplus has been named Best Super Fund 20241 at the prestigious annual Money magazine Best of the Best Awards.
Reflecting the quality of investment offerings delivered by Hostplus, the Fund was also awarded Gold for:
- Best MySuper Single Strategy Product
- Best International Shares Pension Product
This incredible achievement cements Hostplus’ position as a market leader in the superannuation sector, especially as it follows several other award wins over recent years.
Hostplus Chief Executive Officer, David Elia, said the long-running and trusted awards were fantastic recognition of Hostplus’ product offerings and reinforced Hostplus’ position as a super fund of choice for a growing number of Australians.
“It is my absolute pleasure to accept this award on behalf of the more than 1.7 million Australians who have entrusted us with their retirement savings,” Mr Elia said.
“Hostplus’ journey has been characterised by a series of bold, strategic decisions – from our forward-thinking venture capital investments to our successful growth strategy – culminating in the market leading net benefit we offer to our members invested in our Balanced My Super option2.
“We leverage our size and scale to support our mission to maximise our members retirement savings so they can live a dignified retirement,” Mr Elia said.
“Awards such as this are recognition of that effort and a strong indicator that we are delivering value for our members, which is something we are really proud of.”
Vanessa Walker, Managing Editor of Money magazine, congratulated Hostplus on taking home a treble of Best of the Best Awards.
“Winning a Best of the Best award is no mean feat and it’s a reflection on the strength of the company and its offerings that Hostplus is taking home not one, but three gold awards,” Walker said.
Money magazine’s annual Best of the Best Awards identify the leading financial product and service providers in Australia.
The awards are designed to help more Australians grow their personal wealth through the magazine’s independent research and insights into the country’s best-value providers across banking, investments, insurance and superannuation and more.
1. Best Super Fund 2024 is awarded by Money magazine. Visit moneymag.com.au for awards criteria. Awards and ratings are only one factor to consider when choosing a super fund. Past performance is not a reliable indicator of future performance. General advice only. Consider the relevant Hostplus PDS and TMD at hostplus.com.au and your objectives, financial situation and needs, which have not been accounted for. Issued by Host-Plus Pty Limited ABN 79 008 634 704, AFSL 244392 as trustee for the Hostplus Superannuation Fund, ABN 68 657 495
2. Source: SuperRatings Net Benefit modelling for 30 September 2023 according to data extracted on 24 November 2023. This data compares the 15-year net benefit of Hostplus’ Balanced (MySuper) option with the Balanced options of the 10 biggest not-for-profit funds in Australia (according to Hostplus research) by funds under management. It only includes funds that have data available for the whole period. It assumes employer contributions on a starting annual salary of $50,000 and a $50,000 starting balance and takes into account historical investment earnings (after administration and investment fees and taxes). Fees deducted from the Fund’s administration reserve, contribution fees, additional adviser fees or any other fees charged are excluded from this model. Outcomes may vary between individual funds. Past performance is not a reliable indicator of future performance and should never be the sole factor considered when selecting a fund. Visit hostplus.com.au/assumptions for more details about modelling calculations and assumptions.