5 July 2021
UniSuper, Australia’s fifth largest superannuation fund, surpasses $100 billion in funds under management as it officially opens to new members outside the higher education and research sector, giving more people access to one of Australia’s top performing funds1.
From today, 5 July, UniSuper welcomes members from outside the higher education and research sector, while maintaining its strong affinity with, and deep knowledge of, the sector.
UniSuper CEO Kevin O’Sullivan said: “Today is a momentous occasion for the fund. Hitting $100b in FUM, including over $12b in our sustainable options, as we open our doors to all Australians, marks a significant milestone for UniSuper.
“The continued growth and popularity of our three sustainable investment strategies along with the exceptional investment returns of almost 50%2 from our unique Global Environmental Opportunities option have contributed to the fund hitting this key milestone.
“There has been a tremendous amount of work in the build-up to today, and we’re thrilled to finally bring our award-winning range of services and investments to a wider audience, while continuing to offer the same excellent service our existing members have come to expect.”
A razor-sharp focus on members now and into the future
“Since announcing our intention to open to a wider market in early May, the response from existing and prospective members has been extremely positive. This is a real testament to our member focus, consistent strong performance1 and low fees. This powerful combination, and our growing scale, will be even more important as regulatory change and industry consolidation continue to reshape the super sector,” Mr O’Sullivan said.
“It’s been a real honour to lead this wonderful organisation over the last eight years and I’m very proud of the many successes achieved. Opening the fund more broadly signifies an exciting new chapter for UniSuper, and this is just the beginning. I’m extremely confident UniSuper will continue to go from strength to strength while staying true to its purpose of delivering greater retirement outcomes for all members.”
1Over the last 10 years, of those options surveyed, UniSuper's investment options have consistently appeared in SuperRatings top quartile performance rankings. For more information on the performance of UniSuper’s options please refer to https://www.unisuper.com.au/en/investments/investment-performance.
2Based on one-year return to 30 June 2021.
Past performance is not an indicator of future performance. Any advice in this media release doesn’t take into account your personal circumstances. You should consider your personal circumstances before making financial decisions, because we haven’t, as well as the relevant PDS and FSG on UniSuper’s website (or call us on 1800 331 685 for a copy).
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Note to editors
UniSuper is one of Australia’s largest superannuation funds, and is run solely for the benefit of its members. For more than 35 years, UniSuper has been managing super for people employed in the higher education and research sector. UniSuper currently invests around $100 billion on behalf of approximately 450,000 members.