Message from the CEO – June 2021

August 18 |  3 min

The Covid-19 pandemic has continued to have a huge impact on the way we live and work over 2020/21 – and that impact will continue to be felt for some time to come.

The last year also saw some significant changes to the global political landscape, with Joe Biden winning the US Presidential election, and the Democrats gaining control of both houses of Congress – despite an attempted coup by Trump supporters. The trade war with China continued to escalate, with Australia being drawn into the dispute. The post-Brexit transition period expired, and the UK is no longer inside the EU’s Single Market and Customs Union. Domestic tensions flared in the US, Israel, Belarus, Georgia, Hong Kong, Thailand and the Democratic Republic of the Congo, among others. Racial politics and climate change continued to be hot issues.

Closer to home, there is no doubt that it has been a difficult 12 months for many people: the uncertainty and isolation of lockdowns, the difficulties for councils and council workers, businesses – particularly small businesses – and growing unemployment in many sectors.

Despite the tough environment, I am very pleased to report that Vision Super has once again achieved very strong returns for our members. The default Balanced growth investment option where most members (including me) are invested, achieved a return of 19.05% for the financial year ending in June 2021. This is one of its highest ever annual returns, underpinned by strong increases in the prices of riskier assets such as shares. We increased exposure to shares toward the end of 2020 and in early 2021, as we believed the market would continue to go up. Shares then experienced very strong gains, which boosted returns for most of Vison Super’s options – a combination of strong investment markets and smart decision-making.

According to Superratings Vision’s Balanced growth default fund return to the end of June 2021 was ranked 12th in the survey of the top 50 default funds (survey of SR50 MySuper Index options). While the performance over the year is important, we tend to have a medium-term focus, because that’s what counts for our members. In the same Superratings survey, our three year return was ranked 5th, over five years 3rd, over seven years 8th, and 8th again over ten years. Over the last ten years the Balanced Growth option achieved an average annual return of 9.0% . I am extremely pleased with this result, as it represents an excellent outcome for our members.

Along with the returns generated for our members, I am very proud of the way that our Vision Super staff have quickly adapted to working from home on several occasions – particularly the way we’ve been able to maintain our very high member and employer service standards from home. It reflects staff being flexible and remaining member and employer focused.

At the time of writing, we are still living with the uncertainties associated with COVID-19. Sydney is in lockdown and the Vision Super team is currently working from home and will continue to do so until it’s safe to return to the office. When we are home, we’re still available when you need us – the Contact Centre is available during normal business hours, both on the phone and by email. If you need more in-depth help with your super or financial planning, our planners can help you via phone or video conferencing.

While the outlook is far from clear, we hope that vaccinations will eventually allow the world to return a more “normal” state, where concern about the virus is no longer front of mind. I wish you and your loved ones all the best for the new financial year.

Stephen Rowe CEO

Investors should be aware that returns may go up and down, so past returns are not a guarantee of future performance.

August 18 |  3 min

Must Reads

Feature, Fund news, Investments, must read  |  8 min read

US Inflation

It has been over a year since COVID-19 ended one of the longest equity bull markets in US history. Governments and central banks responded quickly and, as a result, global equity markets have not only recovered but some have hit record highs.

Feature, Fund news, Investments, must read  |  2 min read

Investment update March 2021

Auction clearance rates have recently reached elevated levels and this has coincided with very strong growth in house prices across Australian capital cities.

Feature, Fund news, Investments, must read  |  2 min read

Investment update October 2020

The global pandemic has created heightened levels of concern around asset valuations, especially for infrastructure and property assets.

Feature, Fund news, Investments, must read  |  3 min read

Investment update Sept 2020

September saw positive returns as investors continue to adjust to the ‘new normal’ of the Covid-19 affected world.

Build a better future for you and your family

Invest in your future self

Sustainable products, quality advice, education and of course, low fees.

You have options when it comes to saving in your super and drawing from it on retirement. Find out which of our retirement products is most suited to you.

The Latest

Feature, Investments  |  5 min read

High Petrol Prices

With travel restrictions easing, it has become more noticeable that petrol prices have risen significantly this year.

Feature, Investments  |  3 min read

Investment snapshot November 2021

During this year, the Reserve Bank of Australia (RBA) has implemented extreme policy measures aimed at ensuring that the Australian economy recovers from the adverse impact of the pandemic.

General  |  7 mins

GM Strategy and Growth update

I’ve seen a few changes over my three decades in super, and one of those was joining Vision Super at the beginning of 2015. One of the reasons I made the move was the shared passion of the whole team at Vision Super for helping members achieve the best possible retirement outcome.

Already a Vision Super member?

The great news is you can now open your pension account online through the secure site.

Not a Vision Super member?

You’ll just need to open a Vision Personal account first and then you can transfer across to a Vision Super pension.