Suncorp Super the best choice for millennials
28 April 2016
Suncorp has been recognised as a leading superannuation provider at the annual Rainmaker SelectingSuper Awards.
Suncorp’s Everyday Super for Business product received the Innovation Award for Millennial Superannuation, and Suncorp was also a finalist in the My Super Lifestage Product of the Year Category.
Executive Manager of Wealth Products, Cathy Duncan, said the winning Everyday Super for Business product was designed to make it easy for young people to manage and engage with their super.
"Everyday Super integrates with Suncorp’s internet and mobile banking, allowing customers to interact with it in the same way they do with their bank account," Ms Duncan said.
"It helps to keep it front of mind, as opposed to the 'setting and forgetting' mindset that many young people have.
"Young workers can open an Everyday Super account as soon as they take on their first job, and then keep it throughout their career – setting up good habits that will last a lifetime.
"The product also comes with educational tools for those starting out on their super journey and streamlines administration tasks for employers."
Head of Superannuation Research at Rainmaker Information, Stephen Fay, said the Innovation Award for Millennial Superannuation took into account the features young people demand most.
"Because young people interact differently with superannuation, Rainmaker focused on products that made electronic access to information easier, had manageable and flexible insurance costs and fees, digital engagement and performance," Mr Fay said.
"Suncorp Everyday Super for Business has produced a solid performance across its lifestage options, accompanied by low cost targeted insurance for younger demographics and low default level cover.
"The simple structure of the product with its solid communication and website makes locating information easy and simple."
In addition to the Rainmaker awards, Suncorp’s superannuation products have also been awarded top ratings as a result of a number of independent reviews.
Suncorp Brighter Super Business, Personal and Pension products have all been awarded Gold ratings from SuperRatings, 5-star ratings from Heron and High Quality Ratings from Chant West.
About Suncorp: Suncorp Group includes leading general insurance, banking, life insurance and superannuation brands in Australia and New Zealand. The Group has 14,500 employees and relationships with nine million customers. Suncorp Group Limited is a Top 20 ASX-listed company with $94 billion in assets. Suncorp Bank is Australia’s leading regional bank servicing more than one million personal, SME and agribusiness customers.