UniSuper accumulation products—results are in 

Every year we’re required to assess the performance of our accumulation products, to ensure they continue to promote the financial interests of our members—and, after assessment for the year that ended 30 June 2022, we found that they do promote our members’ financial interests.1

The accumulation products included in this assessment are Accumulation 1, Accumulation 2, Personal Account and the accumulation component of our Defined Benefit Division account.

How we shaped up

Our accumulation products have passed the assessment and we've determined that they promote our members’ financial interests.

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

Fees and returns2

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 long term investment returns.#

Lower fees^

Fees for our accumulation products on the below investment options were amongst the lowest in the industry—as reported by superannuation research and ratings house Chant West.

UniSuper's Balanced investment option ranked first for lowest fees and costs on a $250k balance, in a peer group comparison of 92 super funds. Source: Chant West Research and Super Fund Fee Survey June 2022.^
UniSuper's Balanced investment option ranked first for lowest fees and costs on a $250k balance, in a peer group comparison of 92 super funds. Source: Chant West Research and Super Fund Fee Survey June 2022.^

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 Super Fund Fee Survey June 2022

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 Super Fund Fee Survey June 2022

Strong long term returns

UniSuper’s Balanced investment option outperformed the industry median over the three, five and seven years to 30 June 2022—based on data sourced from SuperRatings.#

Members in our accumulation products benefited from both industry-leading low fees and strong long term investment performance for the period ending 30 June 2022.#

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 options. 

This graph shows UniSuper's 7-year investment performance vs the SuperRatings median.#
Source: SuperRatings Pty Ltd Fund Crediting Rate Survey and Sustainable Investment Survey, for the appropriate index June 2022.

5-year investment return

Bar graph of Accumulation 5-year investment return, shows UniSuper's return was higher than the SuperRatings median in all nine investment options. 

This graph shows UniSuper's 5-year investment performance vs the SuperRatings median.#
Source: SuperRatings Pty Ltd Fund Crediting Rate Survey and Sustainable Investment Survey, for the appropriate index June 2022.

3-year investment return

Bar graph of Accumulation 3-year investment return, shows UniSuper's return was higher than the SuperRatings median for seven investment options, with two exceptions (where International Shares returns was equal to median, and Sustainable Balanced returns were lower). 

This graph shows UniSuper's 3-year investment performance vs the SuperRatings median.#
Source: SuperRatings Pty Ltd Fund Crediting Rate Survey and Sustainable Investment Survey, for the appropriate index June 2022.

1-year investment return

Bar graph of Accumulation 1-year investment return, shows UniSuper's return was higher than the SuperRatings median for Cash, Conservative, Conservative Balanced, and Australian Shares and five others were lower. 

This graph shows UniSuper's 1-year investment performance vs the SuperRatings median.#
Source: SuperRatings Pty Ltd Fund Crediting Rate Survey and Sustainable Investment Survey, for the appropriate index June 2022.

Other member benefits3

Our accumulation products deliver great all-round value to UniSuper members. 
Your membership comes with great tools, calculators, online account access and financial advice.

3 people

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 icon

Scale and efficiency

With approximately $124 billion in funds under management as of 30 June 2023, you benefit from the scale of one of the largest super funds in Australia.4 We also manage over 70% of assets in-house. This allows us to deliver lower fees and greater value for our members.

Dollar sign and upward trending graph

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 that ended 30 June 2022, we’ve determined they’re appropriate for our members. We've also passed the annual APRA performance test for our MySuper product, with the highest performance result of all MySuper products in 2022.

A money plant

Sustainable investing

We’re investing for a better future. We’re active investors and we consider environmental, social and governance (ESG) issues as part of our investment process. We engage with the companies we invest in to drive positive change, addressing ESG issues, to produce better outcomes.

We also have Australia’s largest funds under management in sustainable and environmental branded investment options in super. Our three dedicated sustainable and environmental investment options have been certified by a third party—the Responsible Investment Association of Australia (RIAA).5

Umbrella over heart

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.  

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.

Icon mobile

Online account

Our mobile app and online account offer quick, easy and secure ways to check your account balance, update your details, combine your super, switch your investments, and more.
Person and upward trending graph on white board

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, and by video or phone.
Join an award-winning fund

We’re known as one of Australia’s best super funds for our strong long term investment performance.# We’re proud to be consistently recognised as an award winning fund. 6

  • Things you need to know

    1 Compare UniSuper with other super funds.

    2 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.

    3Although, 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.

    4 4th largest fund by assets under management as of 30 June 2022. Source: APRA Annual Fund-Level Superannuation Statistics. 

    Based on money in super products branded as sustainable or environmental options. Read our website to find out what sustainable and environmental investing means to us and what our investment options can invest in. Different products have different approaches.

    6 Money magazine Best Pension Fund 2023.  SuperRatings Fund of the Year 2022 -The rating is issued by SuperRatings Pty Ltd ABN 95 100 192 283 AFSL 311880 (SuperRatings). Ratings are general advice only and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and SuperRatings assumes no obligation to update. SuperRatings uses objective criteria and receives a fee for publishing awards. Visit superratings.com.au for ratings information and to access the full report. © 2022 SuperRatings. All rights reserved. Chant West Super Fund of the Year 2023 - Zenith CW Pty Ltd ABN 20 639 121 403 AFSL 226872/AFS Rep No. 1280401 Chant West Awards issued May 2023 are solely statements of opinion and not a recommendation in relation to making any investment decisions. Awards are current for 12 months and subject to change at any time. Awards for previous years are for historical purposes only. Full details on Chant West Awards at https://www.chantwest.com.au/fund-awards/about-the-awards/

    # Past performance is not an indicator of future performance. Consider the Product Disclosure Statements (PDS) and Target Market Determinations (TMD) on our website and your circumstances before making decisions, because we haven't.   


    ^ Low fees

    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 7 (out of 32) $391 $549 6 (out of 32) $1,571 $2,368
    Growth 3 (out of 90) $381 $671 4 (out of 90) $1,521 $2,904
    Balanced 3 (out of 92) $321 $655 1 (out of 92) $1,221 $2,821
    Conservative Balanced 1 (out of 76) $296 $621 1 (out of 76) $1,096 $2,638
    Conservative 3 (out of 89) $276 $559 1 (out of 89) $996 $2,336
    Fees and Costs, Accumulation Products | Source: Chant West Research and Super Fund Fee Survey June 2022

    Printable document version

    Download a printable document copy of UniSuper’s Accumulation Products Member Outcomes Assessment FY22 (PDF, 485 KB).

     

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