Hostplus has been awarded Canstar’s Outstanding Value – Superannuation Award for its default Balanced (MySuper) option, securing the highly decorated 5-Star Rating for a sixth consecutive year.
The accolade is based on a sophisticated and unique methodology used by Canstar which considers investment performance, fees and product features across superannuation products.
Canstar said that Hostplus’ default Balanced option continues to deliver consistent market-leading returns, demonstrated value for money and solid track record across market cycles. “Hostplus’ default Balanced (MySuper) option continues to stand out against the market for its exceptional historical returns, achieving a 5-Star Rating in every single profile for age and balance amount,” Canstar said.
“Hostplus has demonstrated that its product is capable of producing market-leading returns in a good year, as well as the ability to weather the storm in bad years.”
Hostplus’ Chief Executive Officer, David Elia, said the accolade reinforced the fund’s focus on maintaining low administration fees and delivering superior net benefit investment returns, which combine to deliver value to its 1.6 million members Australia wide.
“We are honoured to be awarded Canstar’s Outstanding Value Award for 2023,” Mr Elia said. “We are very proud and delighted that this is the sixth year running we have received Canstar’s coveted 5-Star rating, which is fantastic recognition of our ability to deliver value for our members, but also showing that we are not resting on our laurels.”
To learn more about Canstar’s 5-Star rating system, click here.
Hostplus has grown to be one of the largest industry super funds in Australia. With over 1.69 million members, more than 293,000 employers and $95.4 billion in funds under management1 our scale and ongoing growth allows for low member costs and a broad range of investment opportunities. Learn more about Hostplus.
Media enquiries: Elliot Giakalis (0438 332 378)
1. As at 31 January 2023. Includes funds under management for the Hostplus Pooled Superannuation Trust.
This information is general advice only and does not take into account your personal objectives, financial situation or needs. You should consider if this information is appropriate for you in light of your circumstances before acting on it. Please read the relevant Hostplus Product Disclosure Statement (PDS), available at hostplus.com.au before making a decision about Hostplus. For a description of the target market, please read the Target Market Determination (TMD), available at hostplus.com.au.
Past performance is not a reliable indicator of future performance and should never be the sole factor considered when selecting a superannuation fund.
Issued by Host-Plus Pty Limited ABN 79 008 634 704, AFSL 244392 as trustee for the Hostplus Superannuation Fund (the Fund) ABN 68 657 495 890, MySuper No 68 657 495 890 198.