TWUSuper has ridden a tough investment climate to record double-digit investment returns, according to ATN.
TWUSuper, Transuper and TransPersonal members gained ‘Equity Plus’ and MySuper balanced returns of 13.65 per cent and 11.54 per cent respectively in the year to June 30, the superannuation fund reports.
For TransPension members, the investment returns were 15.34 per cent and 13.08 per cent.
The five-year performances were 1-2 per cent less.
Fund CEO Frank Sandy says the results were a further consolidation of its “solid performance over recent years”.
“Investment markets have had their fair share of volatility this year, however, I am pleased that our investment team, ably led by chief investment officer Andrew Killen, has responded to these challenges admirably by delivering an outstanding set of numbers,” Sandy adds.
“As the custodian of the retirement savings of over 120,000 hard-working transport workers, we have a responsibility to prudently and carefully manage the $5 billion of members’ hard-earned money.
“Transport workers put in long hours and work tirelessly to keep our economy moving and we work just as hard to grow their savings so that they can enjoy a dignified retirement.”