5-star rating for outstanding super fund value: David O’Sullivan, Catholic Super CEO, receives the top award from Tom Slee, Canstar National Client Manager, Wealth & Health
Catholic Super – the $9.6 billion industry fund growing retirement savings for many teachers and hospital workers – has topped a league table, returning a high 10.49 per cent over seven years for members up to 50 years old with a balance of $100,000-250,000.
That’s the finding from Canstar, Australia’s biggest financial comparison site. Canstar crunched the numbers for the best performing super funds on its database for annual investment returns over seven years, three years and one year to 31 December 2018.
Anna Shelley, Catholic Super’s Chief Investment Officer, explained how her investment team’s strategy had paid off over a seven-year period by delivering on behalf of members’ best interests.
“We’re mindful that superannuation is a long-term proposition,” she said. “Catholic Super’s younger members – those aged up to and in their 40s – have an aggressive asset allocation with the potential to pay off with more time in the market as there’s greater scope to grow their savings.