Whether you contribute extra yourself or your employer contributions are the only payments made to your superannuation account, choosing the right super fund can make a substantial difference to the amount of money you have when you hit retirement.
“Super is a long term investment, so it’s not always at the top of the priority list when you’re young but things like fees can add up over the decades of a person’s working life, so it pays to do your homework and shop around,” said Peter Marshall, Mozo People’s Choice Awards adjudicator.
“Despite what many people think, they are not locked into one superfund over another and while having the flexibility to choose and switch is great as it means you can switch to get better returns, it can also be a bit daunting as there are so many funds to choose from. To help with your shortlisting process, for the 2024 Mozo People’s Choice Awards we asked everyday Australians to rate their superannuation funds.”
UniSuper began with a single goal; to deliver their customers great value. They are now one of Australia’s largest super funds, with more than 450,000 members and over $100 billion in funds under management.
Passionate about securing the future of their members, they strive to empower their members to be confident about their financial future and make better financial decisions that can serve them in the long run.
Unisuper has investment options for every type of investor. Members can choose from pre-mixed investments for your superannuation chosen by their experts, or you can build and manage your own portfolio with sector options.
Unisuper made a clean sweep in the 2024 Mozo People’s Choice Awards, scoring awards in every single category from things like Investment Choices, Insurance Cover and Competitive Fees.
Cbus was formed in 1984 and is Australia’s largest super fund for the building, construction and allied industries. They invest in projects and businesses that are important to their members, proudly supporting their industries and communities.
As one of Australia’s largest super funds, Cbus provides superannuation and income stream accounts to more than 785,000 members and manage over $68 billion of their members’ money. Cbus has a range of investment choices for super members depending on their age and risk tolerance, ranging from high growth, property and share market options through to conservative, cash or fixed interest options. They also offer members seminars, investment tools and advice to help answer any questions.
Cbus has scored big among Australians this year, scooping awards in six categories of the 2024 Mozo People’s Choice Awards for superannuation.
Hostplus is the superannuation fund dedicated for employees in the hospitality, tourism, recreation and sports industries. Founded in 1988, merging with Statewide Super in 2022 Hostplus prides itself on helping members achieve financial independence, with a goal for them to live their retirement in comfort.
Investing your super with Hostplus gives you access to a low admin fee, competitive investment returns and a host of tools at no extra cost to you. Members have a choice of investment options, including the socially responsible investment - balanced option, which excludes investment in fossil fuels and other particular industries and invests in companies and assets that contribute to sustainable outcomes
In the 2024 Mozo People’s Choice Awards Hostplus scored two awards for Outstanding Customer Satisfaction and Insurance cover, making them a popular choice for Australians members.
Colonial First State Super is a well-established superannuation fund in Australia that provides reliable retirement solutions to its members. Colonial First State say they have built a strong reputation for its diverse investment options, competitive fees, and comprehensive member services.
As part of the Commonwealth Bank Group, Colonial First State brings a wealth of financial expertise and resources to help individuals achieve their long-term retirement goals. They offer a range of investment strategies tailored to different risk profiles, ensuring members have flexibility and choice in managing their superannuation.
Colonial First State also provides access to innovative online tools and expert financial advice to support members throughout their retirement journey.
HESTA calls themselves the industry super fund for health and community services but anyone can join. With a history of strong, long-term returns, they promise to keep fees low, and don’t pay commissions to financial advisers.
With more than 900,000 members and $68 billion in assets, HESTA is also committed to providing outstanding member benefits, and helping members take control of their future with quality education and advice about super. It has a range of investment products including conservative, balanced and high growth options. They say they are a leader in climate actions having invested in solar energy and wind farms to recycled water and are passionate about gender equality,
HESTA has scored a Mozo People’s Choice Awards for Outstanding Customer Satisfaction.
REST Super is a leading superannuation fund in Australia with over two million members. REST Super provides a range of services and investment options to help individuals achieve their retirement goals. They offer a diverse range of investment choices, including pre-mixed and sector-specific asset allocations, allowing members to tailor their investments.
REST Super places a strong emphasis on member engagement and education, providing access to user-friendly online tools and resources to help members make well-informed decisions about their superannuation. With a commitment to responsible investing, REST Super took out an award for Outstanding Customer Satisfaction in 2024.
FAQs
How many superannuation fund providers were considered for the Mozo People’s Choice Awards?
There were 82 superannuation fund providers that competed for the awards in 2024. To find out who qualified see our methodology report.
How did you determine the winners for each superannuation Award?
You can read all about how we determined winners of the People’s Choice Awards in our methodology report.
Who’s the best superannuation provider?
Each superannuation fund has its own set of features, and much like other financial products, can come with fees and fine print that could add up over the years.
What’s best for you and your retirement goals may not be the same as someone else your age. This is why most funds will give you the option to select from a range of investment choices to best suit your risk tolerance.
The good news is that all of the winner’s named in the Mozo People’s Choice Awards have been rated by their own members so they are a good place to start to see if they are the best option for you. Just be aware that these awards do not rate or rank fund performance and returns. The categories we look at are: customer satisfaction, trust, competitive fees, investment choices, clear communication, and insurance options.
I work for an award winning super provider. How can we promote our award win?
Well done! We have a range of promotional options available, please get in touch with our account management team.