We can help too

For all your super related questions regarding COVID19, don't hesitate to call us on the following numbers.

Member hotline
1300 300 820

Employer hotline
1300 304 947

Retirement hotline
1300 017 589

Government apps for Android and Apple

Stay informed. Download the official government Coronavirus Australia app in the Apple App Store or Google Play, or join the Government's WhatsApp channel on iOS or Android.

Useful sources of COVID19 information

WORLD HEALTH ORGANISATION provides information and updates on the Coronavirus disease (COVID) outbreak both internationally and in Australia.

Visit now >

ABC CORONA DAILY PODCAST 
10 minute podcast providing an updates each day

Visit now >

AUSTRALIAN GOVERNMENT DEPARTMENT OF HEALTH provides the latest information about the spread of COVID-19 and the steps being taken to slow the spread.

Visit now >

VICTORIAN STATE GOVERNMENT HEALTH AND HUMAN SERVICES  provides regular updates.

Visit now >

NEW SOUTH WALES HEALTH AND HUMAN SERVICES provides regular updates.

Visit now >

Cheer yourself up with these links

Isolation can be hard. Here are some light hearted links that might help you through. The Australian comedy group The Chaser and the US site The Onion feature regularly updated online articles. British comedian Ricky Gervais is broadcasting regularly on Twitter and US comedian Stephen Colbert's home videos are also worth a look. For those with a literary bent, actor Patrick Stewart is reading a Shakespearean sonnet a day.  

How to keep physically and mentally fit

9 Practices To Help Maintain Mental Health During The Coronavirus Lockdown 
Learn more >

5 tips to mind your mental health during the coronavirus lockdown 
Learn more >

Great Ways to Work Out Indoors 
Learn more >

The FBI’s Physical Fitness Test app is an informative and interactive way to train like an agent. 
Learn more >

 

COVID-19 market update

< Go back

13 March 2020

What is happening in the market?

An increasing number of members have contacted us, concerned about recent share market falls and future risks of the new coronavirus.

As the outbreak of the Coronavirus (COVID-19) continues to create international headlines, Vision Super is closely monitoring this situation as the number of reported cases grows globally. In response to this evolving issue, members of Vision Super’s Management Group are meeting regularly to discuss our approach to managing the impacts of the Coronavirus.

Equity markets have become very volatile with initial substantial falls. This has been due to the corona virus but also due to a large fall in oil prices which has impacted energy companies negatively. This situation may change within a very short period. Markets are experiencing unusually large up days as well as down days. Currencies and commodity markets have also been affected. The virus itself continues to spread and is becoming more and more difficult to contain.

Your Super

Members in the default Balanced Growth option are in a well-diversified option with a mix of growth and defensive assets. This option has a long-term investment horizon. Over the 20 years to end February 2020 it had provided members with a return of 6.5% p.a. Over this period, we have had a number of years with negative returns including during the GFC. Options with exposure to growth assets may have noticed a fall in their account balances. We expect peak to trough falls of 20% or more once every three years on average. Nonetheless equities have been the strongest performing asset class over the long term. The fourth quarter of 2018 was the last such period of a 20% loss with equity markets recovering strongly subsequently. If you are concerned about your financial situation and want to review your investment strategy you may wish to seek investment advice.

To book an appointment with a Vision Super financial planner, complete the online form or call the Contact Centre on 1300 300 820 (Monday to Friday 8:30am to 5pm) to arrange an appointment. Advice on certain single superannuation issues like your investment option can usually be provided at no cost to you, over the phone.

Vision Super’s Investment approach – balanced growth option

Vision Super has reduced risk over the last few years as markets strengthened. We took a more defensive position after the onset of the crisis in Europe as the characteristics of the virus became clearer. However, we do retain exposure to equities alongside significant exposures to cash, bonds property and infrastructure. These asset classes are not directly impacted by share market performance. We note the crisis is evolving rapidly and we may change our allocations quite quickly. We note that within a relatively short timeframe, the pandemic will resolve itself one way or another and there will be a return to some form of normalcy.

What happens if I am still concerned?

If you are still worried here are a few steps to consider:

1.  Understand your options.  Have a look at our PDS and How we invest your money guide to find out more about your investment options.

2.  Find out where you are invested.  Log in online or look at your details on our app.

3.  Still need help with any questions during this period?  Please feel free to call the Member Services team on 1300 300 820 Monday to Friday between 8:30am and 5pm.
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