Members praise Catholic Super’s financial performance – again…
Catholic Super shared the podium as a top two super fund in a survey capturing its members satisfaction with the fund’s financial performance over the six months to July 2019.
That’s the finding recently unveiled by leading independent researcher, Roy Morgan, which interviews 50,000 Australians annually to reveal how members rate their super fund.
A fund open to all Australians, Catholic Super’s members often work in schools, hospitals and the aged care sector. Its members educate and look after millions of people every day.
Scott Cameron, Catholic Super CEO, said the award is a major investing confidence boost for the fund’s 75,000 super fund members and 11,000 employers. “Catholic Super’s approach is to deliver our members maximum returns while taking less risk than many other super funds take,” he said.
“We want to grow our members’ retirement savings as much as possible, but we don’t want members to have a bumpy ride along the way. Members choose their investment option and Catholic Super delivers the highest return, lowest risk outcome that it can, bringing more certainty that their money will grow over their working career.
“Since the inception of Catholic Super’s Balanced option (our MySuper and default option), the fund has delivered an average investment return that exceeds 10% per annum. These strong, long term fund growth outcomes mean that our members can expect to enjoy in retirement a comfortable living standard that they experienced during their employment years.
“In addition to independent research, our in-house service experience team regularly captures and records member sentiment on how we’re performing across a range of indicators – not just financial performance. Of those Catholic Super members that our people recently spoke with, a very high 92% said they would recommend the fund to others.”