RecruitmentSuper named as recepient of 5-starr rating by Canstar Cannex
While it has long been everyone’s individual choice as to their Super Fund the following news of our default fund, Recruitment Super is exciting and well worth publishing for your information.
Precruitment has long been a supporter of Recruitment Super as we believe it has always delivered good results for its members. The exciting news for Recruitment Super follows.
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 star ratings are a benchmark to help people compare financial products based on their pricing and features. They compared 81 public offer funds, reviewing over 80 product features including:
- Investment options
- Account access
- Insurance options and premiums
- Availability of advice
- Fund performance and investment strategy.
This is a further endorsement on top of the Gold Rating awarded to the EasyChoice and SelectSuper products earlier this year by SuperRatings. 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 maximizes 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 This article has been provided as good news for our industry. Your super fund is your choice. If you have an interest in RecruitmentSuper you should contact them directly but remember to inform us if you make any changes to your fund.