• Me bank

    Me bank

    A low cost banking
    solution

    Read more

  • Our people,  our Vision

    Our people,
    our Vision

    We're meeting our
    members and
    sharing their
    stories

    Read more

  • Climate  Action 100+

    Climate
    Action 100+

    We're proud to be one of the global investors
    engaging the world’s largest emitting
    companies to act on climate change.

    Read more

  • A better insurance experience for you

    A better insurance
    experience for you

    From 1 January 2018, your insurance with us
    is moving to MLC Life Insurance, with premiums
    locked in for the next three years.

    Read more

  • How to be a  super woman

    How to be a
    super woman

    Vision Super member, Melinda
    tells us how she is taking
    control of her financial future.

    Read more

I often tell people that although the details of superannuation can be complex, at its core it’s really quite simple: it’s about delivering strong risk-adjusted returns for members, while keeping fees low.

That’s what we’re focused on at Vision Super, and we continued to deliver strong results last year. Balanced growth – our default super option where most of our members (including me) are invested – returned 14.7% for the year ending 31 December. Over three years it returned 9.13% pa*.

The pension plan returns are similarly strong where the Balanced growth option returned 16.25% for the year ending 31 December, and over three years returned 10.20%*.

We’re also very conscious that every dollar saved means lower costs, and in the end that means more for members’ retirements. We’ve continued to reduce our expense ratios over the last year – largely through trapping costs as funds have grown, and through renegotiating investment fees – and have reduced fees for members again. In October 2013, a member with $50,000 in their Balanced growth Super Saver account was paying $598 a year in fees, and today they’re paying $488.

 

Date Flat dollar
admin fee
(per week)
Asset based
admin fee#
Investment fees
(Balanced growth)
Reserving margin Example fee on
$50,000 balance
1 Oct 2013 $1.50 0.18% 0.80% 0.06% $598
Current $1.50 0.14% 0.66% 0.02% $488

 

Vision Super enters 2020 with a strong focus on environmental, social and governance (ESG) issues. Last year we were rated in the top two funds in the country for proxy voting by the Australasian Centre for Corporate Responsibility (ACCR) and were recognised as a world leader by the Principles of Responsible Investment (PRI), with A+ or A ratings across the board in their report. We will continue engaging with the companies we invest in for members, to improve their performance over the long-term and reduce their impact on global warming.

Along with striving to provide great customer service and investment growth, we will continue sending you quarterly balance updates, investment updates, and financial and lifestyle articles that may be of interest to you.

As always, I would welcome hearing from you with any thoughts or ideas you have about our products or services and wish you all the best for 2020.

 

Stephen Rowe

CEO

 

* Investors should be aware that returns may go up and down, so past returns are not a guarantee of future performance.
# Capped at $540.

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