Hospitality and tourism industry super fund Hostplus has been awarded the SuperRatings Fund of the Year for 2008.
Hostplus has taken out the award for the third year in a row, at an awards ceremony held in Melbourne this week.
"Hostplus ticked a lot of boxes. They have a progressive board and are not afraid to try new things," SuperRatings director Jeff Bresnahan said.
"The average age of members is 26 and are often transient, so that is a really difficult market to communicate with and they do a great job."
Bresnahan said Hostplus appeals to their membership by sponsoring various football teams and using Scott Pope, known as the barefoot investor.
Hostplus has over 905,000 members and over $7 billion funds under management, making it one of Australia's largest funds.
Auscoal Super and Netwealth were both awarded the Rising Star award.
Bresnahan said although Auscoal has been around for 60 years, they have really lifted the value for their membership.
Commenting on the other rising star, he said: "Netwealth is an underrated master trust, but is a really excellent platform."
The award for the Best New Product went to Axa North.
It has an option for a Protected Investment guarantee and a Protected Growth guarantee, Bresnahan said.
More than 300 industry insiders attended the event, which sold out three months ago.
