We had a successful end to the year in 2022, with Rainmaker naming Vision Super’s Balanced growth as a top ten MySuper investment option over three years for the period ending 30 November 2022, and the number one pension option in the rankings, with Vision Income Stream Balanced growth topping their chart with a 6.2% annualised return over the same period.
We’re very proud of the hard work behind those results, and what they mean for our members’ retirement outcomes. But as always, we’re focused on what’s ahead – and 2023 is shaping up to be a big year!
As you know, we’re currently in discussions with Active Super, which we hope will end in a merger of the two funds. It makes sense to bring the two local government funds from the two most populous states together to form one fund that can look after our members into the future.
We completed due diligence at the end of last year, and the project’s next phase involves developing a target operating model which will outline how a merged fund would look.
The Board will then assess whether the proposed merger meets the equivalent rights test, so our members will enjoy the same rights in a new fund as they currently do in Vision Super, and whether it’s in the members’ best financial interests to proceed. We’ll keep you posted.
Merger discussions don’t mean anything else stops, though. Our primary focus for 2023 is striving to maximise your investment returns, keep your money safe, and provide the excellent service you expect from us.
Wishing you all the best for a safe and prosperous 2023.
Source: Rainmaker Information Pty Ltd (Rainmaker) ABN 86 095 610996.
- Rainmaker Super Survey compared Vision Balanced Growth Option against 47 other funds in the MySuper/Default Option for the 3 years ending 30 November 2022.
- Rainmaker Retirement Survey compared Vision Super Balanced Growth Retirement Option against 35 other funds in the Retirement Option for the 3 years ending 30 November 2022.
Performance figures are net of investment, management, administration fees and the indirect cost ratio. In the case of dollar-based member fees, Rainmaker assumes a $50,000 account balance.
*Past performance information is not indicative of future performance. Ratings are general advice only and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the relevant PDS and TMD and seek independent financial advice before investing. Ratings are subject to change without notice and Rainmaker assumes no obligation to update.