A word from our CEO - Super Informed July 2022

Super Informed
28 Jul 2022
4 min read

It’s been a difficult year so far with markets impacted by higher-than-expected inflation and rising interest rates. We know it can be uncomfortable to see your account balance fluctuate, but super is designed for the long-term and we genuinely invest for the future.


Hi everyone,

Peter Chun, Unisuper CEO

Investments

It’s been a difficult year so far with investment markets impacted by higher-than-expected inflation and rising interest rates. Like most superannuation funds, UniSuper has been impacted with a number of our investment options delivering negative returns for the year to 30 June 2022. The performance has in part been driven by significant falls in the technology sector where we have a high exposure, and strong gains in the energy sector where we have a very low exposure. 

We all know that past performance is not a reliable indicator of future performance; however, we believe our portfolios are well positioned to meet the challenges over the coming years. It’s also important to note that our long-term performance remains impressive.  Members in our Defined Benefit Division (DBD) can rest assured our position is strong and benefits continue to be well funded.

We know it can be uncomfortable to see your account balance fluctuate, but super is designed for the long-term and we genuinely invest for the future. We have an outstanding investment team guiding us through these periods of volatility with their expertise.

This chart shows the annual returns of our Balanced option over past 33 years (since inception). The Balanced option was introduced on 1 October 2002. Returns for periods prior to this are for the TESS Award Plus Plan. Past performance isn’t a reliable indicator of future performance.

Make sure you take a look at Chief Investment Officer John Pearce’s latest investment update

Australian Catholic Superannuation (ACS) merger

We continue to make good progress with the upcoming transfer of ACS members into UniSuper. An important milestone was reached  with the signing of the Successor Fund Transfer (SFT) deed ensuring it is in the best interest of both funds for the merger to proceed. We’re exceptionally pleased with the progress to date and feel confident our shared values and member-first focus will ensure a smooth transition and bright future for all parties. While there are still a number of steps on our path, we anticipate the merger will be completed by the end of the year. We can’t wait to welcome all ACS members to the UniSuper family.

Read more on the Signing of the Successor Fund Transfer (SFT) deed.

UniSuper and Uniseed

Earlier this year we were appointed the exclusive institutional investment partner for Uniseed. Like us, Uniseed focuses on innovative programs that will change the world for the better. Established in 2000 and now owned by the Universities of Melbourne, Queensland, Sydney, New South Wales, and the CSIRO, Uniseed provides seed funding for early-stage research and technology developed by its five partners. These innovative organisations provide around half of all patents created by research organisations in Australia. We see this as an investment in the great minds that will shape the future – particularly in biotechnology, pharmaceuticals, quantum computing and green energy.

Read more on Investing in future-shaping research and technology.

Award-winning super

In welcome news, we’re proud to have been awarded a trifecta of high-profile accolades from Money magazine, SuperRatings and Chant West – Best Super Fund of the Year from all of these independent research agencies. This is testament to our well-rounded product offering.  We aim to be Australia’s best super fund and we’re constantly striving to improve our product – whether it’s our sustainable investment strategy, our cost-effective investment management, or our high quality advice service – we’re working to help members with a secure retirement outcome. 

View all our Awards and ratings.

 

As always, looking after your retirement savings is a responsibility we don’t take lightly, and our primary objective will always be to help you create a future worth retiring for.

Regards,

Peter Chun signature

Peter Chun

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