MySuper—results are in

Every year we’re required to assess the performance of our MySuper product, to ensure it continues to promote the financial interests of our members—and, after assessment for the year that ended 30 June 2022, we found that it does promote our members’ financial interests.1

MySuper is our Balanced—and the default—investment option for products that include Accumulation 1, Accumulation 2, Personal Account and the accumulation component of our Defined Benefit Division account.

How we shaped up

Our Balanced (MySuper) investment option has passed the assessment and we've determined that it promotes our members’ financial interests. 

We assessed two key areas of our Balanced (MySuper) investment option, as prescribed by law:

Fees and returns

We used public data from the Australian Prudential Regulation Authority (APRA) to compare the performance of our Balanced (MySuper) investment option with other default options in the industry. Results show that our members have benefited from both low fees and strong long term investment returns, with a MySuper risk profile comparable to our peers.#

Lower fees^

Our Balanced (MySuper) investment option has some 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).

Our fees and costs are lower than the industry average.

UniSuper ranked third for lowest MySuper fees and costs for the year ended June 2022, in a peer group comparison of 62 super funds. Source: APRA Quarterly MySuper Statistics, June 2022.^

UniSuper ranked third for lowest MySuper fees and costs for the year ended June 2022, in a peer group comparison of 62 super funds. Source: APRA Quarterly MySuper Statistics, June 2022.^


Bar graph of MySuper fees and costs compared to industry average, shows UniSuper fees of $321 are lower, when compared with industry average fees of $524.

This graph shows UniSuper's annual fees and costs compared to the industry average, with a $50,000 account balance.^
Source: APRA Quarterly MySuper Statistics, June 2022.

Strong long term returns*

UniSuper’s Balanced (MySuper) investment option outperformed the industry median over the three and five years to 30 June 2022 — based on data sourced from APRA.

For the latest fees and return comparisons, use the Australian Taxation Office’s YourSuper comparison tool.

5-year investment return

Bar graph of MySuper 5-year investment return, shows UniSuper's return of 6.44%, was higher, when compared with the industry average of 5.44%.

This graph shows UniSuper's 5-year investment return compared to the industry median.#
Source: APRA Quarterly MySuper Statistics, June 2022.

3 year investment return

Bar graph of MySuper 3-year investment return, shows UniSuper's return of 4.17% was higher, when compared with the industry average of 3.87%.  

This graph shows UniSuper's 3-year investment return compared to the industry median.#
Source: APRA Quarterly MySuper Statistics, June 2022.

1 year investment return

Bar graph of MySuper 1-year investment return, shows UniSuper's return of -4.35% was lower, when compared with the industry average of -4.10%.

This graph shows UniSuper's 1-year investment return compared to the industry median.#
Source: APRA Quarterly MySuper Statistics, June 2022.

Other member benefits

Our Balanced (MySuper) investment option delivers 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.2 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).3

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. 4


  • Things you need to know

    1 Compare UniSuper with other super funds.

    2 4th largest fund by assets under management as of 30 June 2022. Source: APRA Annual Fund-Level Superannuation Statistics.

    3 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.

    4 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

    Year that ended 30 June 2022 MySuper total fees with a $50,000 account balance
    UniSuper UniSuper’s Fees and Costs was $321
    Industry average The industry average for Fees and Costs was $524
    Rank UniSuper ranked 3rd out of 62 similar products
    MySuper fees | Source: APRA Quarterly MySuper Statistics, June 2022

    * Strong long term investment returns

    Period that ended 30 June 2022 Investment returns (similar risk profile)
      1 year (% p.a.) 3 years (% p.a.) 5 years (% p.a.)
    UniSuper UniSuper’s return was -4.35% UniSuper’s return was 4.17% p.a. UniSuper’s return was 6.44% p.a.
    Industry median  The industry median was -4.10% The industry median was 3.87% p.a. The industry median was 5.44% p.a.
    Rank UniSuper ranked 36th out of 63 similar products UniSuper ranked 25th out of 63 similar products UniSuper ranked 6th out of 61 similar products
    MySuper Investment Returns | Source: APRA Quarterly MySuper Statistics, June 2022

    Printable document version

    Download a printable document copy of UniSuper’s MySuper Member Outcomes Assessment FY22 (PDF, 217 KB).

     

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