Tasmania's biggest superannuation provider was one of Australia's five best performers last financial year.
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Superannuation research firm Chant West rated Tasplan the fifth best performing growth fund for 2018-19, with a return of 8.6 per cent.
It was beaten only by QSuper Balanced and UniSuper Balanced (both 9.9 per cent), Media Super Balanced (MySuper), with 8.8 per cent growth, and AustralianSuper Balanced (8.7 per cent).
Chant West said the median performing growth fund increased by 7 per cent and even the worst performer gained 4.3 per cent.
"Fund members should be very pleased with the 2018-19 return of 7 per cent," Chant West senior investment manager Mano Mohankumar said.
"It's better than what most experts predicted a year ago and it's about 5.5 per cent above the current rate of inflation."
Mr Mohankumar said all asset sectors produced positive return for the year.
They were topped by:
- Australian listed property, 19.4 per cent;
- global listed infrastructure (hedged), 14.9 per cent;
- private equity, 12.7 per cent;
- international shares (unhedged), 11.9 per cent; and
- Australian shares, 11.4 per cent.
Cash returned just 2 per cent.
Tasplan chief executive Wayne Davy said the result reinforced its commitment to excellent customer service, competitive fees and strong returns to members.
"In a year that has seen many super funds increase their administration fees, Tasplan is pleased to have reduced theirs," he said.
Tasplan chief executive Wayne Davy said the result reinforced Tasplan's commitment to delivering excellent customer service, competitive fees and strong returns to members.
"In a year that has seen many super funds increase their administration fees, Tasplan is pleased to have reduced theirs," he said.
Tasplan has about 135,000 members, (about half the Tasmanian workforce) and has about $9.5 billion under management.
