We’re a top 10 MySuper fund1 and for the first time in our 40-year history we’re open to Australians across all industries and employers. We’re proud to be an industry super fund, run only to benefit members. We have low fees, and we don't pay profits to shareholders, or commissions to advisers.
UniSuper tops list of 10 best-performing MySuper options
The Australian Prudential Regulation Authority (APRA) has released the results of its latest assessment of Australia’s superannuation sector, revealing the funds that have performed the best. APRA’s performance assessment results, released in August 2021, show how MySuper products from each super fund performed. Our MySuper product passed all the annual performance tests assessed by APRA.
APRA’s list of 10 top-performing default MySuper products was dominated by industry super funds – and we’re proud to be one of them.1 APRA listed 10 top-performing default MySuper products, including options from AustralianSuper, Cbus, Hostplus, Statewide, First Super, and Care Super. Australian Ethical was the only retail super fund to make the top 10. Based on performance test metrics, UniSuper’s Balanced (MySuper) default super option outperformed its net investment return benchmark by 1.46%, placing us at the top of the list.1
Here’s APRA’s list of the top 10 performing MySuper products:1 |
|
|---|---|
| 1. UniSuper – Balanced (MySuper) | 6. Hostplus - Balanced |
| 2. Australian Ethical Retail Superannuation Fund - Balanced | 7. Statewide - MySuper |
| 3. AustralianSuper - MySuper | 8. First Super - MySuper |
| 4. QSuper - Lifetime | 9. Care Super - CareSuper |
| 5. Cbus - MySuper | 10. Aware Super - MySuper Lifecycle |
We’re a consistent top performer with our Balanced investment option delivering top quartile returns over 3, 5, 7 and 10 years to 31 December 2021. 2 Our Balanced investment option also outperformed the industry super fund median and overall industry median in average yearly investment returns over the 10 years to 31 December 2021. Use the table to compare our performance.
Average yearly Balanced investment option returns over the 10 years to December 2021
| UniSuper Balanced Investment option (%p.a.) | Industry super fund median (%p.a.) | Overall industry median (%p.a.) |
|---|---|---|
| 10.58 | 9.35 | 9.17 |
Source: SuperRatings December 2021 Fund Crediting Rate Survey2
*Past performance is not an indicator of future performance.
Compare: total yearly fees for a Balanced investment option ($100,000 account balance)
| UniSuper Balanced Option | Industry super fund median | Retail Master Trusts and Core Wraps average |
|---|---|---|
| $546 | $973 | $1,280 |
Source: Chant West Super Fund Fee Survey December 2021. Figures shown are for an accumulation-style account, such as our Personal Account, and include the cost of administering both your account and your investments.3
We have some of the lowest fees in the market. Our Balanced investment option is ranked in the top three for lowest total fees and costs across several account balances, including number one for account balances of $100k or more.3 Our expert in-house investment team and no-commissions policy mean better value for members.
Use the table to see how we compare.
We’ve received Canstar’s Outstanding Value Award – Superannuation, for 2022 – and we’re Money magazine’s Best Super Fund 2022.†
With another four Money awards, we’re the most awarded super fund in Money magazine’s history. We’re recognised as one of Australia’s best-performing superannuation funds, with a record of great returns across a variety of investment options.* See for yourself.
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Find out more about Personal Accounts by reading the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD).
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Things you need to know
1Source: APRA MySuper Heatmap, December 2021. Excludes products closed to public; based on APRA’s Performance Test measure. For more on UniSuper’s MySuper option, read our Member Outcomes Assessment 2020-21. Compare MySuper product performance with the YourSuper comparison tool, provided by the Australian Taxation Office.
2 According to SuperRatings Pty Ltd’s Fund Crediting Rate Survey January 2022_SR Balanced (60-76) option, published 22 February 2022. Past performance is not an indicator of future performance.
3Source: © Zenith CW Pty Ltd (Chant West) (ABN 20 639 121 403) 2021. This comparison has been prepared by UniSuper Management using data from the Chant West Super Fund Fee Survey December 2021 and is based on information provided by third parties that is believed accurate at the time of publication. Fees are for UniSuper Accumulation products invested in UniSuper’s Balanced investment option as ranked in Chant West’s Growth [61-80%] investment category - Chant West Super Fund Fee Survey December 2021. Fees may change in the future which may affect the outcome of the comparison in this document. The above ranking and fee comparison is for the Balanced investment option only - both ranking and fees may differ for other investment options. Administration and investment fees and costs data is adjusted by Chant West so like comparisons can be made. Adjustments result in fees being gross of income tax, administration fees include fees and any indirect costs, investment fees and costs include fees charged (including performance fees) and any indirect costs and accordingly data contained in the research may differ from data shown in other published materials.
Full details regarding Chant West's research methodology, processes, ratings and definitions are available at chantwest.com.au and Chant West's Financial Services Guide available here. Past performance is not an indicator of future performance.
SuperRatings
The rating is issued by SuperRatings Pty Ltd ABN 95 100 192 283 AFSL 311880 (SuperRatings).
*Past performance is not an indicator of future performance. Consider the PDS and TMD on our website and consider your circumstances before making decisions, because we haven’t. Read the full disclaimer.
†Canstar, 16 March 2022; Money magazine, 8 December 2021, 'Money reveals the Best Super for 2022'