Find or transfer your super
Transfer other super accounts to Vision Super and search for lost super.
Changing jobs
It’s easy to stay with Vision Super when you change jobs.
Making contributions
Find out more about the different ways you can grow your super.
Super contribution caps
The rules around contributing to your super account before and after-tax.
Beneficiaries
Choose who’ll receive your super if something should happen to you.
Accessing your super
Information on preservation age and the rules around when you can access your super.
Fees and costs
Details of the fees and costs on our superannuation and pension accounts.
Women and super
Women in Australia are still not generally financially secure when it comes to their own super.
Switch investment options, update your insurance, sign up for a pension and much more. Login using the button below or call us on 1300 300 820 to register.
Funding your retirement
How much is enough to have the lifestyle you want when you retire?
Financial advice
Information on the ways we can help and provide advice. As well as how to book an appointment.
Retirement products
An overview of our Account based pensions and Transition to retirement products.
Account Based Pension
A flexible, low-cost income stream that allows you to keep your super invested.
Three Bucket Pension
An account based pension with a defined investment strategy.
Transition to retirement
A Non-commutable account based pension you can take out while you are still working part-time.
Retirement bonus
The retirement bonus is available to members who start an eligible Vision Income Stream on or after 1 January 2021.
We offer different levels of general and personal advice to help you achieve the future you want. Call us on 1300 300 820 or visit out financial advice page for more information.
Investment performance
See how investments are performing over the short and long term, and our investment history.
Unit prices
Find the latest unit prices for your super and retirement investment options and how they work.
Investment options
Our range of investment options you can choose from, including strategies, investment timeframes, and risk levels of each.
MySuper dashboard
Compare our MySuper product with other super funds’ MySuper products.
Top stock holdings
Our assets are invested in these key stocks internationally and within Australia.
Financial market update
Regular financial market updates provided by Frontier Advisors.
Our investment beliefs
The investment beliefs that guide us when choosing assets and fund managers.
Active ownership
How we use our shareholder rights to advocate for positive ESG behaviour in the companies we invest in.
Sustainability
Find out how we’re active in making a positive difference for our members and the planet.
The earlier you start, the faster your investments grow. Learn how to contribute extra to boost your final super balance.
Insurance options
Details about the insurance cover we offer – death cover, death and total & permanent disability (TPD) cover and Income protection.
Make a claim
The steps you need to take if you need to make an insurance claim.
Change/cancel your cover
How to change or cancel your insurance cover online and over the phone.
Transfer your insurance
Find out how to transfer your insurance cover to us when you open a Vision Super super account.
Best Doctors
A free service for Vision Super members that provides a second opinion and mental health advice.
Voluntary code of practice
Our commitment to the voluntary insurance code of practice jointly owned by key superannuation bodies.
Protecting your super
Find out how the changes affect you.
Our insurance beliefs
The key features and protections you receive when having insurance cover through us.
Did you know that Vision Super members have free access to the Best Doctor service? You can receive free expert medical advice from the comfort of your own home.
Careers
Current opportunities available and the benefits we offer to take your career to the next level.
Compare us
How our features, services and fees compare to other super funds.
Why choose Vision Super?
We have the experience and expertise to look after your super for life.
Directors and executives
Meet the executive team and Board of Trustees who set our strategic direction and oversee governance.
Fund information
Key details about the fund including actuarial investigations, RSE, USI and SFN numbers.
Significant event notices (SEN)
Important updates on material changes and significant events which may impact our services and plans.
Contact us
Phone, address and other important contact details.
Our Sustainable balanced investment option has the lowest superannuation fees of any sustainable superannuation investment option in Australia. Learn more about sustainable super that's good for you and the planet.
News
The latest news and videos about Vision Super and the superannuation industry in Australia.
Calculators
Interactive calculators to project your future savings, give your super a boost, calculate the cost of insurance cover and more.
Forms & publications
Here you’ll find all important forms, reports, fact sheets and other publications to help you manage your super and learn more.
Frequently asked questions
Learn more from our frequently asked questions separated into popular categories.
Australian women still trail behind men when it comes to their final super balances. Learn how to bridge the gender gap and save for a comfortable and financially secure retirement.
Clearing house
Access the services of a super clearing house to distribute the required payments to all of your staff’s super funds.
Defined Benefit information
Information on our Defined Benefit (DB) plans and your obligations as a participating DB employer.
Employer online
Your Employer Online account makes managing your employees super easy.
Register
Register today and make Vision Super the choice fund for your employees.
Single Touch Payroll
A government initiative to simplify employer reporting obligations to the Australian Tax Office (ATO).
Employer contributions
Information about the rules to the Superannuation Guarantee.
As an employer you can manage almost all your staffs' super using your online account. If you haven't jumped online yet, or have misplaced your password, register using a secure website access form.
Premixed options are made up of multiple asset classes, like shares, property, cash and bonds. They are more diversified to meet different risk and performance goals.
Conservative | |
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Investment objective (super)* | This option aims to outperform (after fees and taxes) the rate of increases in inflation as measured by the CPI by 1.5% per annum. |
Investment objective (pensions)* | This option aims to outperform (after fees) the rate of increases in inflation as measured by the CPI by 2% per annum (1.5% per annum for NCAP). |
Strategy | To invest in a diversified portfolio with a higher exposure to cash and diversified bonds, and a lower exposure to equities. |
Estimated frequency of a negative annual return | 1.5 in 20 years on average. |
Minimum investment timeframe | 4 years. |
Who should invest in this option? | This option is designed for members who wish to select a less aggressive asset allocation in exchange for more stability and security. |
Summary risk level | The risk level of this option is low to medium. |
Retirement bonus | Members invested in this option may be eligible for the Retirement bonus if certain terms and conditions are satisfied. More information |
(indicative ranges in brackets)
Balanced | |
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Investment objective (super)* | This option aims to outperform (after fees and taxes) the rate of increases in inflation as measured by the CPI by 2.5% per annum. |
Investment objective (pensions)* | This option aims to outperform (after fees) the rate of increases in inflation as measured by the CPI by 3.25% per annum (2.5% per annum for NCAP). |
Strategy | To invest in a diversified portfolio with exposure to cash, diversified bonds, property and equities. |
Estimated frequency of a negative annual return | 3.5 in 20 years on average. |
Minimum investment timeframe | 5 years. |
Who should invest in this option? | Members that have a moderate to high risk tolerance. |
Summary risk level | The risk level of this option is medium to high. |
Retirement bonus | Members invested in this option may be eligible for the Retirement bonus if certain terms and conditions are satisfied. More information |
(indicative ranges in brackets)
Sustainable balanced | |
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Investment objective (super)* | This option aims to outperform (after fees and taxes) the rate of increases in inflation as measured by the CPI by 3.0% per annum. |
Investment objective (pensions)* | This option aims to outperform (after fees) the rate of increases in inflation as measured by the CPI by 3.75% per annum (3.0% per annum for NCAP). |
Strategy | To invest in a diversified portfolio with a moderate exposure to cash and diversified bonds, and a higher exposure to equities, while having regard to ESG principles. |
Estimated frequency of a negative annual return | 5 in 20 years on average |
Minimum investment timeframe | 7 years. |
Who should invest in this option? | Members who are prepared to accept a more aggressive asset allocation than the ‘Balanced’ option, and have an interest in socially responsible investing. This option has the potential of providing higher returns, but also increases the risk of a negative return. |
Summary risk level | The risk level of this option is high. |
The Sustainable balanced option has some key differences from other investment options. | Simpler option with fewer asset classes. Index management. 100% of the equity allocation is managed to a low carbon benchmark. |
Retirement bonus | Members invested in this option may be eligible for the Retirement bonus if certain terms and conditions are satisfied. More information. |
(indicative ranges in brackets)
Balanced growth | |
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Investment objective (super)* | This option aims to outperform (after fees and taxes) the rate of increases in inflation as measured by the CPI by 3.5% per annum and to outperform (after fees and taxes) the median default superannuation fund over rolling three year periods, assessed using the SR50 MySuper Index from the SuperRatings Fund Crediting Rate Survey. |
Investment objective (pensions)* | This option aims to outperform (after fees) the rate of increases in inflation as measured by the CPI by 4.25% per annum (3.5% per annum for NCAP). |
Strategy | To invest in a diversified portfolio with a some exposure to cash and diversified bonds, and a higher exposure to equities. |
Estimated frequency of a negative annual return | 4 in 20 years on average. |
Minimum investment timeframe | 6 years. |
Who should invest in this option? | This option is designed for members who are prepared to accept a more aggressive asset allocation than the ‘Balanced’ option. This option has the potential of providing higher returns, but also increases the risk of a negative return. |
Summary risk level | The risk level of this option is high. |
Retirement bonus | Members invested in this option may be eligible for the Retirement bonus if certain terms and conditions are satisfied. More information. |
(indicative ranges in brackets)
Growth | |
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Investment objective (super)* | This option aims to outperform (after fees and taxes) the rate of increases in inflation as measured by the CPI by 4.0% per annum |
Investment objective (pensions)* | This option aims to outperform (after fees) the rate of increases in inflation as measured by the CPI by 4.75% per annum (4.0% per annum for NCAP). |
Strategy | To invest in a diversified portfolio with a high exposure to equities |
Estimated frequency of a negative annual return | 5 in 20 years on average. |
Minimum investment timeframe | 7 years |
Who should invest in this option? | This option is designed for members who are prepared to accept a more aggressive asset allocation than the ‘Balanced growth’ option. This option has the potential of providing higher returns, but also increases the risk of a negative return |
Summary risk level | The risk level of this option is high. |
Retirement bonus | Members invested in this option may be eligible for the Retirement bonus if certain terms and conditions are satisfied. More information. |
(indicative ranges in brackets)
Single sector options are made up of single asset classes, like Property, Diversified Bonds and Cash. The Infrastructure and Property investment options are only available for super members.
Cash | |
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Investment objective * | This option aims to outperform (after fees and before taxes) the Bloomberg Ausbond Bank Bill Index. |
Strategy | To invest cash in money market securities such as bank term deposits and bank bills. |
Benchmark allocation | 100% cash |
Estimated frequency of a negative annual return | Usually, the Cash option is not expected to provide negative returns over any period. However, the return from the option is heavily affected by the cash rate that the Reserve Bank of Australia (RBA) targets. As at December 2020, the RBA was targeting a low cash rate of 0.1% and it may reduce the rate to a modestly negative level in future. |
Minimum investment timeframe | Less than 1 year. |
Who should invest in this option? | This option is designed for members who wish to select a less aggressive asset allocation in exchange for more stability and security |
Summary risk level | The risk level of this option is very low. |
Retirement bonus | Member balances invested in this option are NOT eligible for the Retirement bonus. |
* The investment objectives are not forecasts or predictions. Vision Super designs the investment strategy of each option with the aim of achieving the option’s investment objective. |
Diversified bonds | |
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Investment objective * | This option aims to outperform (after fees and before taxes) 50% Bloomberg Ausbond Composite All Maturities Bond Index 50% FTSE World Government Bond Index ex Australia (hedged in AUD) |
Strategy | To invest across a range of fixed interest securities in Australia and overseas. |
Benchmark allocation (indicative ranges in brackets) | 100% Diversified bonds (80–100%) 0% Alternative debt (0–10%) 0% Cash (0–10%) |
Estimated frequency of a negative annual return | 5 in 20 years on average. Given the current low level of interest rates, the return from this investment option may be low for an extended period and moderately negative at times. |
Minimum investment timeframe | 4 years. |
Who should invest in this option? | This option is designed for members who wish to select a less aggressive asset allocation in exchange for more stability and security. |
Retirement bonus | Member balances invested in this option are NOT eligible for the Retirement bonus. |
Summary risk level | High. The Summary risk level is classified as High reflecting the estimated frequency of a negative annual return. While the Summary risk level is the same as that for options such as Growth and Balanced growth, the risk of a materially negative annual return for the Diversified bonds option is much lower than for those other options. |
* The investment objectives are not forecasts or predictions. Vision Super designs the investment strategy of each option with the aim of achieving the option’s investment objective. |
Property | |
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Investment objective * | This option aims to outperform (after fees and taxes) the rate of increases in inflation as measured by the CPI by 3.0% per annum. |
Strategy | To invest in a portfolio of property, predominantly located in Australia. This is through unlisted property funds which invest in office, retail and industrial properties, with small allocations to healthcare and education properties. The property funds used will generally target a moderate level of debt funding. Investment is primarily in existing buildings, but may include some development projects on a build-to-own basis. This option has the capacity to invest in listed real estate vehicles and may also include cash allocations from time-to-time. |
Benchmark allocation | 100% property. Please note that from time to time the investment managers may hold cash. |
Minimum investment timeframe | 8 years, |
Estimated frequency of a negative annual return | 4 in 20 years on average. |
Most suitable for | Members who are prepared to accept a more aggressive asset allocation than the ‘Balanced growth’ option. Members should be comfortable with the risks associated with investing across a range of property sectors. Members should note that this option invests in rarely traded assets and is not suitable for a short term investment horizon. |
Summary risk level | The risk level of this option is high. |
Retirement bonus | Member balances invested in this option are NOT eligible for the Retirement bonus. |
* The investment objectives are not forecasts or predictions. Vision Super designs the investment strategy of each option with the aim of achieving the option’s investment objective. |
Infrastructure | |
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Investment objective * | This option aims to outperform (after fees and taxes) the rate of increases in inflation as measured by the CPI by 3.5% per annum. |
Strategy | To invest in a portfolio of Australian and global infrastructure assets. This is through unlisted infrastructure funds which invest in a diverse range of infrastructure sectors such as electricity distribution networks, airports, seaports, pipelines, toll roads, water utilities and other areas. Typically investment will be equity investments and the average gearing level is moderate, but ranges from low to high depending on the asset. Investment is primarily in operating assets, but may include some development projects. This option has the capacity to invest in listed infrastructure and may include cash allocations from time-to-time. |
Benchmark allocation | 100% infrastructure. Please note: that from time to time the investment managers may hold cash. |
Minimum investment timeframe | 8 years. |
Estimated frequency of a negative annual return | 4 in 20 years on average. |
Most suitable for | Members who are prepared to accept a more aggressive asset allocation than the ‘Balanced growth’ option. Members should be comfortable with the risks associated with investing in infrastructure assets. These assets typically provide essential services (for example, airports). |
Summary risk level | The risk level of this option is high. |
Retirement bonus | Member balances invested in this option are NOT eligible for the Retirement bonus. |
* The investment objectives are not forecasts or predictions. Vision Super designs the investment strategy of each option with the aim of achieving the option’s investment objective. |
International equities | |
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Investment objective * | This option aims to outperform (after fees and before taxes) the MSCI All Countries World ex Australia Net Dividends Index, partly hedged based on the long term strategic currency exposure target. |
Strategy | To invest in overseas companies usually listed on one or more overseas stock exchanges, with allocations to both active and index managers. |
Benchmark allocation | 100% international equities. Please note that from time to time investment managers may hold cash. |
Estimated frequency of a negative annual return | 6 in 20 years on average. |
Minimum investment timeframe | 8 years. |
Who should invest in this option? | This option is designed for members who are prepared to accept an aggressive asset allocation which has the potential of providing higher returns, but also increases the risk of a negative return. |
Summary risk level | The risk level of this option is very high. |
Retirement bonus | Members invested in this option may be eligible for the Retirement bonus if certain terms and conditions are satisfied. More information |
* The investment objectives are not forecasts or predictions. Vision Super designs the investment strategy of each option with the aim of achieving the option’s investment objective. |
Australian equities | |
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Investment objective * | This option aims to outperform (after fees and before taxes) the S&P/ASX 300 Accumulation Index. |
Strategy | To invest in Australian companies usually listed on the Australian Stock Exchange (ASX) with allocations to both active and index managers. |
Benchmark allocation | 100% Australian equities. Please note that from time to time the investment managers may hold cash. |
Estimated frequency of a negative annual return | 7 in 20 years on average |
Minimum investment timeframe | 8 years. |
Who should invest in this option? | This option is designed for members who are prepared to accept an aggressive asset allocation which has the potential of providing higher returns, but also increases the risk of a negative return. |
Summary risk level | The risk level of this option is very high. |
Retirement bonus | Members invested in this option may be eligible for the Retirement bonus if certain terms and conditions are satisfied. More information. |
* The investment objectives are not forecasts or predictions. Vision Super designs the investment strategy of each option with the aim of achieving the option’s investment objective. |
Innovation and disruption | |
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Background This option seeks to invest in companies that are expected to grow relatively quickly over the medium term. It is one of our least diversified single sector options. Our single sector options are, by nature, not diversified across asset class sectors, but many are diversified in the underlying investments. This option is currently invested with one active manager. This may change in the future if additional managers are needed and fit with the option’s strategy. The Innovation and disruption option is partially hedged, consistent with Vision Super’s other international equities options. The current manager invests in a small number of companies that are expected to experience strong earnings growth over the medium term. In general, companies in the portfolio utilise innovative techniques in an attempt to achieve sustainable, above market growth. For example, companies that use technology in various forms to power their growth. | |
Investment objective * | This option aims to outperform (after fees and before taxes) the MSCI All Countries ex-Australia Net Dividends Index, partly hedged based on the long term strategic currency exposure target. |
Strategy | To invest in high growth companies overseas that are disruptive and innovative within their industry. These companies generally use technology in various forms to power their growth. The companies are usually listed on one or more overseas stock exchanges however there will also be an exposure to unlisted assets in the option. |
Benchmark allocation | 100% international equities. Please note that from time to time investment managers may hold cash. |
Estimated frequency of a negative annual return | 6 in 20 years on average. |
Minimum investment timeframe | 10 years. |
Who should invest in this option? | This option is designed for members who are prepared to accept an aggressive asset allocation which has the potential of providing higher returns, but also increases the risk of a negative return. Members should be comfortable with the risks associated with investing in emerging or developing technologies. |
Summary risk level | The risk level of this option is very high. |
Retirement bonus | Members invested in this option may be eligible for the Retirement bonus if certain terms and conditions are satisfied. More information. |
* The investment objectives are not forecasts or predictions. Vision Super designs the investment strategy of each option with the aim of achieving the option’s investment objective. |
Just shares | |
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Investment objective (super)* | This option aims to outperform (after fees and before taxes) > 45% S&P/ASX 300 Accumulation Index > 55% MSCI All Countries World ex Australia Net Dividends Index, partly hedged based on the long term strategic currency exposure target. |
Strategy | To invest in a premixed portfolio of Australian and international equities, with allocations to both active and index managers. |
Estimated frequency of a negative annual return | 6 in 20 years on average. |
Minimum investment timeframe | 8 years. |
Who should invest in this option? | This option is designed for members who are prepared to accept a more aggressive asset allocation than the ‘Growth’ option. This option has the potential of providing higher returns, but also increases the risk of a negative return. |
Summary risk level | The risk level of this option is very high. |
Retirement bonus | Members invested in this option may be eligible for the Retirement bonus if certain terms and conditions are satisfied. More information. |
* The investment objectives are not forecasts or predictions. Vision Super designs the investment strategy of each option with the aim of achieving the option’s investment objective. |
(indicative ranges in brackets)
Most of the time it’s important to keep your investment strategy consistent to get the most out of it. If your circumstances change it’s important you do review your investment options and make sure they’re still right for you.
If you do review your investment strategy and believe your options no longer suit your needs, we do not charge switching fees so there will be no impact on your super account balance from switching between investment options.
Before you make any decisions, we recommend that you obtain financial advice. With Vision Super you can receive advice at no cost from our financial advisers on single topics relating to your Vision Super account, to help develop a strategy tailored for you.
Make an appointment with a Vision Super Financial Planner who will provide information and advice about your super or pension. Bookings can also be made by calling 1300 300 820.
Cash investment options are generally a combination of money in the bank and money invested for a short time in money market securities, such as bank term deposits and bank bills.
If you are risk averse or working to a short timeframe, then a Cash option that typically provides stable, low risk returns may be suitable for you. This type of investment option will protect the value of your superannuation, but the returns will often be low compared with other investment options.
The risk associated with cash investments is generally minimal, although the returns are also minimal. Cash can be a safe haven in times of economic uncertainty, and occasionally you may wish to preserve capital by allocating some of your super to cash.
We recommend that you obtain financial advice before making any decisions about investing in our Cash option.
To book an appointment with a Vision Super financial planner, either call us or complete our online appointment form:
Go to the form to book an appointment online >
Call our Contact Centre on 1300 300 820 (Monday to Friday 8:30am to 5pm).
Advice fees may apply, which will be discussed with you before any work is undertaken.
We don’t charge switching fees, so there is no impact on your super account balance from switching between investment options. However, if you have the right investment risk profile and your investments are matched up to your risk profile, you shouldn’t be needing to make switches regularly.
From time to time you should review your risk profile, maybe when you are first starting out in the workforce, are in the middle of your working life, a few years away from retirement and/or going into retirement. Otherwise the investments you have in superannuation should be a ‘set and forget’ strategy where you ride the ups and downs of the investments over a longer period.
You can switch investment options for some, or all, of your account balance, future contributions, or both. You can also nominate which investment option you would like your withdrawals to be made from.
You can switch between investment options by logging into our website, or the Vision Super app, or by sending us a completed Investment choice form. You can also call us, on 1300 300 820 (Monday to Friday 8:30am to 5pm).
Investment switches are processed based on the unit prices of the relevant investment options declared on the next business day after we receive your switching request, unless there is a delay with processing due to abnormal market conditions or system failure.
Frequent switching between investment options and trying to second-guess the market can be risky, particularly for high-risk investment options designed to be held in the long-term (6-12 years). You should switch only after a thorough review of your long-term investment strategy.
We recommend that you obtain financial advice before making any decisions about switching between investment options.
To book an appointment with a Vision Super financial planner, either call us or complete our online appointment form:
Go to the form to book an appointment online >
Call our Contact Centre on 1300 300 820 (Monday to Friday 8:30am to 5pm).
Advice fees may apply, which will be discussed with you before any work is undertaken.
Growth assets are higher risk but offer a higher potential return compared to defensive assets. They aim to grow the capital that’s invested and provide some income. Defensive assets are lower-risk investments which aim to protect the capital invested while providing an income.
The classification of assets into either growth or defensive has the advantage of simplicity, but it also has limitations when used as an indicator of risk. The classification does not capture diversification, which can have a larger impact on reducing the overall portfolio risk when assets are combined.
Another issue is that different people may have different classifications for the same asset type because there are no regulations governing this area and no clear guidance by the regulators on a standardised growth/defensive split. Classifications of growth or defensive assets may also change over time depending on market conditions and pricing.
We believe that there needs to be greater consistency and transparency in how super funds arrive at their growth/defensive mixes. But in the absence of regulations, there are going to be differences in practice and opinion. To avoid any potential misunderstandings, Vision Super does not publish the growth/defensive split of our investment options.
Compound interest is the interest that is earned on money that was previously earned as interest.
For example, if you have an investment of $100 that pays interest of 5% every year, then in the first year you will be paid interest of $5 over the year (5% of $100).
What happens in the next year? That’s where compounding comes in. You will not only earn interest on your initial $100 deposit, you will also earn interest on the $5 interest that you earned in the first year.
That means you will earn $5.25 in the second next year because your account balance is now $105, even though you didn’t make any deposits. This may not seem like much of an increase, but the effects of compounding becomes more dramatic over long periods of time. After 30 years, your initial $100 investment would be worth $432.19, and that year you would be paid $21.61 in interest.
Each year your interest earnings will accelerate even more due to compound interest. This cycle leads to interest and account balances going up at an increasing rate, which is sometimes known as exponential growth.
Of course, if you’re borrowing money, compounding works against you. You owe interest on the money you have borrowed, and so your loan balance can then increase over time, even if you don’t borrow any more money.
Our primary objective is to maximise our members’ investment returns so that our members have more for their retirement. One of the means by which we try to achieve this objective is to instruct our underlying investment managers to incorporate Environmental, Social and Governance (ESG) considerations into their investment decision-making processes. We believe that this approach will help support long-term investment performance and enhance risk management.
We are a signatory and member of a range of organisations that promote responsible investing in the superannuation industry, including the Principles for Responsible Investment (PRI), the Australian Council of Superannuation Investors (ACSI) and the Responsible Investment Association Australasia (RIAA). We are also a signatory to the Global Investor Letter to governments on Climate Action, the Paris Pledge for Action (Paris Climate Change Agreement), the Workforce Disclosure Initiative (WDI) and a support investor of the Climate Action 100+ initiative.
The Vision Super ESG policy integrates sustainability and social responsibility into our everyday operations. We consider labour standards, environmental, social and ethical considerations, as well as key financial criteria, when selecting, retaining or realising investments of the Fund. This applies to all asset classes but tends to have more relevance to the listed equity asset classes.
We vote at meetings of our direct listed equity shareholdings according to our ESG Policy. Issues may be related to the election of directors, board structure, executive remuneration and incentive plans, and shareholder rights such as environmental and social considerations. When we have concerns about a company in relation to a proposal, we may choose not to support that proposal if it is not in the best interests of members or is contradictory to our investment beliefs and governance framework.
We have determined that we will not invest in companies that derive material revenue from the manufacture or production of controversial weapons such as land mines, cluster bombs or nuclear weapons. We will also not invest in companies that derive material revenue from the mining of thermal coal, tar sands or tobacco manufacturers. Vision Personal Investment guide 4
When searching for new (or reviewing existing) active investment managers, our due diligence includes an assessment of how environmental, social and governance risks are incorporated into the investment process. The investment managers are asked to specify the resources they have available to analyse ESG risks, including personnel and their expertise, and engagement with external research services.
We have low carbon benchmarks for our indexed listed equity investments, which represent about half our listed equities exposure.
The indexed component of our Australian equities portfolio is managed under a mandate that provides a tilt away from high carbon emitters.
The enhanced indexed component of our International equities portfolio is managed to the MSCI All Countries World ex Australia Index unhedged and calculated in Australian dollars. The portfolio is managed to materially reduce both carbon emission intensity and exposure to carbon reserves when compared to the benchmark.
In addition, our Australian small companies manager aims to reduce the portfolio carbon intensity relative to its standard model portfolio.
For our other active equity portfolios, our managers are required to consider ESG principles in their company evaluations. We ask our investment managers to include in each evaluation a reasonable estimate of the impact of phasing out fossil fuel usage, consistent with limiting global warming to no more than 1.5 degree centigrade above pre-industrial global mean temperature. This follows the Intergovernmental Panel on Climate Change assessment (IPCC) Report in October 2018, which revised the safe level of warming human civilisation can tolerate.
This shift to low carbon investment reinforces our commitment to sustainable investments, which has included over a decade of major investments in wind, solar and hydro power assets.
The Sustainable balanced option has a particular focus on environmental considerations, with 100% of the Australian and International equities portfolios managed to low carbon benchmarks.
For more information about our sustainable investment activities visit:
In our PDS we disclose “Investment fees and costs” and “Transaction costs” that include investment expenses relating to the investment management of Vision Super’s assets.
Investment fees and costs include investment expenses relating to the investment management of Vision Super’s assets, such as base and (in very few cases) performance-related fees paid to investment managers and advisers, management fees charged in investment vehicles, asset consulting fees, bank fees, custodian fees and internal Vision Super costs related to the management of the Fund’s assets.
Transaction costs include explicit transaction costs incurred by investment managers such as brokerage, settlement costs and stamp duty, as well as buy sell spreads charged by our investment managers or in underlying investment vehicles.
Investment and transaction fees and costs are not deducted directly from your account. Investment and transaction fees and costs are indirect fees that are deducted from the investment option unit prices and are therefore reflected in the returns allocated to your account through changes in the unit prices.
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Member Hotline 1300 300 820
Employer Hotline 1300 304 947
Retirement Hotline 1300 017 589