Our family is expanding
A new phase for UniSuper allows more Australians, especially those from outside the higher education and research sector, to access our low fees, highly rated investments and industry-leading commitment to sustainability.
Why we’ve opened the fund
The super industry is undergoing a significant period of change. New laws, market disruption and increased consumer engagement are just some of the factors making it more important than ever for funds to evolve.
Over the past decade, we’ve seen increasing demand from people outside our traditional sectors to join the fund. In 2017, we created our Personal Account product – allowing members’ families, former members and university affiliates to join. Since then, over 20,000 people have opened a UniSuper Personal Account, with account balances totalling over $3b.
[CEO, Kevin O’Sullivan]
More benefits for you
Being open to a wider group will allow us to deliver the benefits of increased scale, while helping to ensure we remain competitive in the wider market. This means a better deal for members – both new and existing – without compromising on the high standards for which we’re so consistently recognised.
In part, our recent growth has allowed us to expand our investment into ESG (Environmental, Social and Governance) themed strategies. We’re currently the fifth largest super fund in Australia and one of the most significant investors in future focussed ESG options, with more than $15 billion of our funds under management invested within this space. As we look to the future we hope to capitalise on our expansion, remaining competitive and serving as a leader in sustainable investing.
Still headed in the same direction
The decision to open the fund hasn’t been made lightly. Our members and their retirement goals continue to be our primary focus. Similarly, as we open to all Australians, our purpose remains the same: to deliver greater retirement outcomes for all members. We are focused on, and driven by, members’ best interests in everything we do – it’s embedded deep in our DNA.