MySuper comes out strong
Our MySuper product has passed the annual performance test, set by the Australian Prudential Regulation Authority (APRA) – so, you can be confident that your super is in good hands. Our MySuper product is our Balanced investment option. It's the default option for our Accumulation 1 and Accumulation 2 members, and any accumulation component of our Defined Benefit accounts.1
How we shaped up
We found that our Balanced (MySuper) investment option promotes our members’ best financial interests.
We assessed two key areas of our Balanced (MySuper) investment option, as prescribed by law:
- How we compare on fees and returns (Comparison matters), and
- Other member benefits (Assessment factors).
Fees and returns
We used public data from industry regulator APRA to compare the performance of our Balanced (MySuper) investment option with other default options in the industry over the assessment period. Results show that our members have benefited from both low fees and strong investment returns, with a MySuper risk profile comparable to our peers.
Our fees are some of the lowest
Our Balanced (MySuper) investment option had one of the lowest fees in the industry. Based on APRA’s data, our fees for a member with a $50,000 account balance were lower than most other comparable products (based on similar risk profiles).
| Annual Period ending 30 June 2021 | MySuper total fees |
|---|---|
| UniSuper | UniSuper’s Fees and Costs was $321 |
| Industry average | The average fund’s Fees and Costs was $533 |
| Rank | UniSuper ranked 2nd out of 65 similar products |
| MySuper fees | Source: APRA Quarterly MySuper Statistics, June 2021 | |
Fees and costs
Our fees and costs are lower than the average super fund.
This graph shows UniSuper's annual fees and costs compared to the industry average.#
Source: APRA Quarterly MySuper Statistics, June 2021.
Strong returns for our members
We’re ranked as one of the best. UniSuper was one of the top performing funds, ranked in the top five over 3 and 5 years ending 30 June 2021.
Superannuation is a long-term investment. Our members generally invest with us through their working life.
We continue to provide strong long-term investment performance.
Our Balanced (MySuper) investment option delivered higher returns compared to most other funds.
Members in our Balanced (MySuper) investment option benefited from both industry-leading low fees and strong investment performance.
For the latest fees and return comparisons, use the Australian Taxation Office’s YourSuper comparison tool.
| Period ending 30 June 2021 | Investment returns (similar risk profile) | ||
|---|---|---|---|
| 1 year (% p.a.) | 3 years (% p.a.) | 5 years (% p.a.) | |
| UniSuper | UniSuper’s return was 17.37% | UniSuper’s return was 9.02% p.a. | UniSuper’s return was 9.34% p.a. |
| Industry average | The average fund returned 17.12% | The average fund returned 7.55% p.a. | The average fund returned 8.30% p.a. |
| Rank | UniSuper ranked 31st out of 69 similar products | UniSuper ranked 4th out of 68 similar products | UniSuper ranked 5th out of 66 similar products |
| MySuper Investment Returns | Source: APRA Quarterly MySuper Statistics, June 2021 | |||
5 year investment return
This graph shows UniSuper's 5-year investment return compared to the industry average.#
Source: APRA Quarterly MySuper Statistics, June 2021.
3 year investment return
This graph shows UniSuper's 3-year investment return compared to the industry average.#
Source: APRA Quarterly MySuper Statistics, June 2021.
1 year investment return
This graph shows UniSuper's 1-year investment return compared to the industry average.#
Source: APRA Quarterly MySuper Statistics, June 2021.
Other member benefits
Our Balanced (MySuper) investment option delivers 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.2
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
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.
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.
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Things you need to know
1 Compare MySuper by UniSuper with other funds' MySuper products.
2 4th largest by assets, at 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 MySuper Member Outcomes Assessment 2020-21 (PDF, 224 KB).