Vision Super’s Retirement Income Strategy

Section 52(8A) of the Superannuation Industry (Supervision) Act 1993 (SIS Act) requires the Trustee to document its Retirement Income Strategy (Strategy) and the steps and decisions followed in formulating the Strategy. The summary below sets out key aspects of our Strategy.

Vision Super’s retirement income strategy has been formulated for members who are approaching or in retirement. The Trustee recognises the importance of assisting members plan for and manage their retirement income.
The strategy outlines generally how the Trustee intends to assist members covered by the strategy to achieve and balance the following objectives:

Maximising their expected retirement income

  1. Managing expected risks to the sustainability and stability of their expected retirement income;
  2. Having flexible access to expected funds during retirement; and
  3. The Trustee aims to provide members assistance by way of providing a combination of support, guidance, and the appropriate retirement income products.
Download Vision Super's retirement income strategy

Objectives of the Retirement Income Covenant

Maximising the expected retirement income of members over the period of retirement.

Managing the expected risks to the sustainability and stability of members’ retirement income.

Ensuring that members have flexible access to expected funds during retirement.

Summary of Vision Super’s current approach

Currently the Trustee provides:

  • An Account-based pension
  • A Three Bucket Pension Strategy
  • A Non-commutable Account based pension
  • Choice of investment options including lower volatility options, cash and similar (unless a member selects the Three Bucket Pension strategy).
  • A Retirement Bonus (eligible account based pension members) .
Currently the Trustee provides:
  • Product Disclosure statements
  • Annual Statements
  • Brochures
  • Booklets
  • Educational Videos
Currently the Trustee provides:
  • Retirement calculators
  • Budgeting tools
  • Member Portal
  • Phone based support

Planned future enhancements

In the future, Vision Super aims to explore the viability of other retirement income solutions which may better meet the needs of our members, as well as a review of potential enhancements to existing products, and the development of additional tools and calculators to assist members before, during and after retirement

Can't find what you are looking for?

Member Hotline
1300 300 820​
Employer Hotline
1300 304 947
Retirement Hotline
1300 017 589

Member Hotline 1300 300 820​

Employer Hotline 1300 304 947

Retirement Hotline 1300 017 589

Follow us

Feedback  Disclaimer  Privacy policy  Financial services guide 
SuperRatings information
Money Magazine information

Feedback

Disclaimer

Privacy Policy

Financial Services Guide

We support the Say on climate change initiative
Aboriginal flag
Torres-strait Flag
Vision Super acknowledges the traditional owners and custodians of the lands throughout Australia and pays respect to their Elders past, present, and emerging.
This website is provided by Vision Super Pty Ltd ABN 50 082 924 561 AFSL 225054 RSE licence number L0000239 as the Trustee of the Local Authorities Superannuation Fund ABN: 24 496 637 884 (‘Vision Super’), subject to the terms and conditions in the which you should consider. When you use this website you are deemed to accept these terms and conditions, as applicable from time to time. The information on this website is general information or advice only. It is provided to help you understand Vision Super’s products, services, policies and procedures. It does not (and should not be taken to) contain any personal advice because we haven’t taken into account your personal objectives, financial situation or needs. You should consider whether it is appropriate for you and your personal circumstances before acting on it and, if necessary, you should seek professional financial advice. Before making decisions about Vision Super’s products, you should read the appropriate Vision Super Product Disclosure Statement (PDS). Past performance is not an indication of future performance. Our Target Market Determinations are available here

Download our mobile app

Are you a Member?

Member login
Not a member? Join here
Not a member? Join here

Are you an Employer?

Employer login
Not a employer? Join here
Not a employer? Join here