UniSuper accumulation products come out strong

Every year, we’re required to assess the performance of our accumulation products, to determine if they’re promoting the best financial interests of our members.

After assessing our accumulation products for the year ending 30 June 2021, we found that they promote our members’ best financial interests.

Our accumulation products include Accumulation 1, Accumulation 2 and Personal Accounts, and any accumulation component of our Defined Benefit accounts. If you’re a member in these products and you haven’t actively made an investment choice, you will be invested in our Balanced investment option, as a MySuper member. Read our MySuper outcomes assessment.

We're an award-winning super fund with industry-leading performance, lower fees and sustainable investment options, so you can be confident that your super is in great hands.

How we shaped up

Our accumulation products promote our members’ best financial interests.

We assessed two key areas of our accumulation products, as prescribed by law:

Fees and returns1

We used data from third party research agencies to compare the performance of our accumulation investment options to the industry. Results show that our members have benefited from both low fees and strong investment returns.

Our fees are some of the lowest

Our accumulation products' fees were amongst the lowest in the industry, according to data from Chant West for each of these investment options.

UniSuper investment option UniSuper fee ranking for $50,000 balance UniSuper fee ranking for $250,000 balance
  Rank UniSuper Fees Industry average Rank UniSuper Fees Industry average
High Growth 9 (out of 59) $406 $628 7 (out of 59) $1,646 $2,834
Growth 4 (out of 90) $396 $703 4 (out of 90) $1,596 $2,956
Balanced 3 (out of 96) $321 $675 1 (out of 96) $1,221 $2,815
Conservative Balanced 1 (out of 73) $306 $653 1 (out of 73) $1,146 $2,644
Conservative 4 (out of 94) $291 $585 2 (out of 94) $1,071 $2,359
Fees and Costs, Accumulation Products | Source: Chant West Research and Super Fund Fee Survey June 2021

Fees on $50,000 balance

Bar graph of Accumulation product fees on $50,000 balance, shows UniSuper's annual fees and costs are lower when compared with industry average for the same balance.

This graph shows UniSuper's annual fees and costs compared to the industry average for a $50,000 balance.#
Source: Chant West Research and Chant West Super Fund Fee Survey June 2021

Fees on $250,000 balance

Bar graph of Accumulation product fees on $250,000 balance, shows UniSuper's annual fees and costs are lower when compared with industry average for the same balance.

This graph shows UniSuper's annual fees and costs compared to the industry average for a $250,000 balance.#
Source: Chant West Research and Chant West Super Fund Fee Survey June 2021

Strong returns for our members

UniSuper was one of the top performing funds for the period ending 30 June 2021, ranking in the top five.

We continue to provide strong long-term investment performance.

Our default Balanced investment option provided a stronger position compared to most other funds. UniSuper also outperformed the average over the 7-year outlook for other options included in the SuperRatings industry survey.

Investment performance

Members in our accumulation products benefited from both industry-leading low fees and strong investment performance for the period ending 30 June 2021.

7 year investment return

Bar graph of Accumulation product 7-year investment return, shows UniSuper's return was higher than the SuperRatings median in all but one investment option: Cash, where return was equal to the median.  

This graph shows UniSuper's 7-year investment performance vs the SuperRatings median.#
Source: SuperRatings Pty Ltd Accumulation Fund Crediting Rate Survey for the appropriate index - June 2021.

5 year investment return

Bar graph of Accumulation 5-year investment return, shows UniSuper's return was higher than the SuperRatings median in all but two of nine investment options (the two exceptions being Conservative and Conservative Balanced). 

This graph shows UniSuper's 5-year investment performance vs the SuperRatings median.#
Source: SuperRatings Pty Ltd Accumulation Fund Crediting Rate Survey for the appropriate index - June 2021.

3 year investment return

Bar graph of Accumulation 3-year investment return, shows UniSuper's return was higher than the SuperRatings median for six investment options, with three exceptions (where Cash return was equal to median, and Conservative and Conservative Balanced returns were lower).  

This graph shows UniSuper's 3-year investment performance vs the SuperRatings median.#
Source: SuperRatings Pty Ltd Accumulation Fund Crediting Rate Survey for the appropriate index - June 2021

1 year investment return

Bar graph of Accumulation 1-year investment return, shows UniSuper's return was higher than the SuperRatings median for Growth, High Growth, Australian Shares, and International Shares. Balanced return was equal to median, and four others were lower. 

This graph shows UniSuper's 1-year investment performance vs the SuperRatings median.#
Source: SuperRatings Pty Ltd Accumulation Fund Crediting Rate Survey for the appropriate index - June 2021

Other member benefits2

Our accumulation products deliver great all-round value to UniSuper members.

Members first

As an industry fund, our members are at the heart of all we do.

We don't pay our advisers commissions, and we don't pay shareholders dividends.

We review our fees annually, across member groups, to ensure these remain fair and competitive.

Our members report high levels of satisfaction with our call centre services and our financial advice has a reputation for excellence.

Scale and efficiency

With $103 billion in funds under management as of 30 June 2021, you benefit from the scale of one of the largest super funds in Australia.3

We also manage 70% of assets in-house. This means we’re able to provide services more efficiently, with lower fees and greater value for our members.

Investment strategy

We review the investment strategy for our options regularly, to check that the level of investment risk and the return target are appropriate.

For the period ending 30 June 2021, we’ve determined they’re appropriate for our members. We also passed the annual APRA performance test for our default balanced MySuper product.

Responsible and sustainable investing

We’re investing for a better future. Every investment we make considers our environmental, social and governance (ESG) principles.

We're Australia’s largest manager of ESG-themed investments, with three dedicated sustainable investment options.

We actively engage with the companies we invest in to drive positive change, addressing environment, social and governance issues, to produce better outcomes.

For more about how we manage climate risk at our fund, read our climate risk report – Climate risk and our investments (PDF, 1.37 MB).

Competitive insurance

We aim to provide you with appropriate, affordable insurance cover. Because we insure a lot of members, we negotiate premiums at bulk rates, rewarding you with lower premiums.

Based on an assessment of member needs, we’re satisfied that, overall, our insurance strategy is appropriate, and our premiums are affordable.  

Member services and tools

Your membership comes with great tools, calculators, online account access and financial advice. 
tools icon

Tools and information

We have great resources to help you manage and compare your super, including online tools and calculators, videos, podcasts and webcasts.

MemberOnline

MemberOnline is a quick, easy and secure way to check your account balance, update your details, combine your super, switch your investments, and more.

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Award-winning financial advice

From general to comprehensive advice, tailored to you, we can help you make the most of your money. Our expert advisers and consultants are available in-person at more than 20 locations nationwide, or by video or phone.

  • Things you need to know

    1 Other investment options are available but have not been included due to more limited comparison data.  Please refer to our  investment performance for information on the performance of our full range of investment options.

    2Although, in section 1, we were able to compare only some of our investment options with others in the industry because of data limitations, this section applies to all of our investment options.

    3 4th largest fund by assets under management as of 30 June 2021. Source: APRA Annual Fund-Level Superannuation Statistics. 

    # Past performance is not an indicator of future performance. This information is of a general nature only and includes general advice. Consider the PDS and TMD on our website and your circumstances before making decisions, because we haven’t.

    Download a printable document copy of UniSuper’s Accumulation Products Member Outcomes Assessment 2020-21 (PDF, 521 KB).

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