21 May 2025
Our annual Member Outcomes Assessment has determined that AustralianSuper continues to promote the financial interests of members for the financial year ending 30 June 2024.
The Member Outcomes Assessment involves assessing our performance, by product, based on a wide range of comparison and assessment factors, including investment performance, investment risk and strategy, fees and costs, and insurance. We’ve determined that AustralianSuper has promoted the financial interests of members through:
- The MySuper Balanced option, where most members are invested, achieving net returns above the median for five and 10 year periods to 30 June 20241.
- The majority of our investment options achieving above median returns over five and 10 year periods relative to comparable options2.
- Prudently managing risk to achieve each option’s investment objectives.
- Using the Fund’s size to capture economies of scale, reduce overall costs and provide access to attractive, large-scale investment opportunities.
- AustralianSuper’s fees and costs for the MySuper Balanced option being lower than the median of comparable funds in the superannuation industry1.
- Achieving a total operating expense to asset ratio in the best quartile compared to other super funds3, indicating that our expenses are at appropriate levels.
A summary of the assessment is available at australiansuper.com/MemberOutcomes
For media enquiries, please contact:
Notes
- Based on APRA Quarterly Product Statistics, for periods to 30 June 2024, and includes peer funds that have growth asset weightings of 60% to 75% which is the most appropriate comparison to the AustralianSuper MySuper Balanced option.
- Based on SuperRatings Fund Crediting Rate Survey to 30 June 2024. The benchmark used for the Indexed Diversified option is based on the investment objective to achieve a return of CPI plus a percentage hurdle over the medium to longer term. There are no comparable funds based on SuperRatings data.
- Chant West Member Outcomes Dashboard (APRA Annual fund-level superannuation statistics as at 30 June 2024)
Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns.
About AustralianSuper
AustralianSuper manages more than $365 billion in members’ retirement savings on behalf of more than 3.5 million members from more than 472,000 businesses (as at 31 December 2024).
This media release may include general financial advice which doesn’t take into account your personal objectives, financial situation or needs. Before making a decision consider if the information is right for you and read the relevant Product Disclosure Statement, available at australiansuper.com/pds. A Target Market Determination (TMD) is a document that outlines the target market a product has been designed for. Find the TMDs at australiansuper.com/tmd.
AustralianSuper Pty Ltd ABN 94 006 457 987, AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898.