news banner fund

  • 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

Industry superannuation funds have dominated retail funds (owned by banks and other financial institutions) in Roy Morgan’s customer satisfaction results yet again, making 2014 the 12th consecutive year that industry funds came out on top (1) 

According to the latest survey, industry fund members were consistently more satisfied with the financial performance of their super in every bracket, with the exception of balances under $5,000 (see diagram below). (2)

Satisfaction with financial performance of superannuation by balance held

Norman Morris, Industry Communications Director at Roy Morgan Research says, “What’s interesting to note about this latest research is that customer satisfaction increased considerably in line with the member’s overall super balance. After years of analysing various superannuation surveys, I would suggest that one contributing factor could be the compounding investment return that accrues over the long term as super balances increase. Essentially people like to watch their money grow. The compounding effect, even on smaller balances, is really significant to increasing one’s overall super balance.” (3)

Vision Super’s CEO, Stephen Rowe, says that the research just provides more evidence that industry funds are doing the right thing for their members. “As an industry super fund, we operate solely to benefit our members and our main aim is to help them achieve the kind of lifestyle they hope for in retirement.”

“One of the strategies that we recommend to members to reach their goals is to boost their super balance whenever they can, so they can maximise the benefits of compounding. To do this, we recommend that members contribute as much and as often as they can, on top of their employer’s contributions. Just a little extra per week can make all the difference,” he says.

Want to see what a few dollars extra per week could do for your future balance? 
Try our Contributions Calculator

Is it time to top up your super?

It’s easy to do and could bring you tax benefits.  
Read on to see how

Got some old super funds lurking around?

You might be losing big dollars as you double up on fees, interest and insurance.
Merge your old accounts into Vision Super to potentially save thousands of dollars over the life of your super


(1) Roy Morgan Single Source (Australia), six months rolling July 2002 – December 2014

(2) Roy Morgan Single Source (Australia, six months to December 2014 (n=15,932)

(3)Norman Morris, Phone Interview with Vision Super (Melbourne, 20 February 2015)

 

Latest videos

    Twitter feed

    Our staff are working from home, and on evenings and weekends they're staying in, getting creative and sharing phot… https://t.co/f5EPk0MQyy
    02 April 2020
    RT @VicGovDHHS: If you're in doubt about whether you should travel, go to the shops, take PT, attend an event, go shopping for something yo…
    31 March 2020