GESB achieved well above market median performance for the majority of its members in the year to 31 December, according to independent ratings agency SuperRatings.

The West State Super Balanced plan 1-year investment return was ranked in the top quartile for the seventh consecutive month, rated 24th out of 103 balanced plans¹. The GESB Super Balanced Growth plan 1-year investment return was ranked in the top quartile by SuperRatings for the fourth consecutive month, rated 21st out of 103 balanced plans².

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Michele Dolin, Chief Executive Officer at GESB, said that investment performance combined with consistent above market median voluntary member contribution rates has seen the fund grow 107 per cent over the past five years.

GESB now manages $10 billion funds under management on behalf of 313,000 West Australians and this size and scale helps enable them to plan, build and manage their retirement savings more effectively.

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¹ SuperRatings Fund Crediting Rate Survey, December 2009. West State Super is an untaxed fund and returns are stated as net of fees only.
² SuperRatings Fund Crediting Rate Survey, December 2009.