Industry super fund, Vision Super, announced they will be divesting from tobacco, thermal coal and tar sands producers, in addition to their existing controversial weapons exclusion.
Vision Super has been recognised as one of the best funds in the world for preparedness for climate change risk, and has been rated number 4 in Australia by the Asset Owners Disclosure Project (AODP) in their 2017 survey.
Over the past few weeks there has been media commentary on cash investment options within super funds. To address the points covered and provide members greater insight into Vision Supers cash investment option we have provided this update.
Vision Super’s default investment option, Balanced Growth, returned an exceptional 10.35% for the financial year. Most of our members are invested in Balanced Growth, which has now generated positive returns nine years in a row. The median return for super funds’ default options was 8.78% for the year, so Vision Super performed significantly better than the median.
Here is an overview of the Federal Budget announcement, and what it means for you and your superannuation. Please note, these changes have not been legislated yet and need to pass to become law.
To help free up the housing market of ‘family homes’ and boost the retirement savings of older Australians the federal government has introduced a new measure that, that from 1 July 2018, gives older Australians the opportunity to contribute proceeds from selling their home.
It’s becoming harder to fulfil the great Australian dream of owning your own home, and in response to this affordability issue the federal government introduced a new scheme - the First Home Super Saver Scheme (FHSSS).