3 questions to ask about your super

Etu National

Think about your super fund for a minute and ask yourself these 3 questions, because not all super funds are the same.

1) Is my super fund an industry super fund?

Choosing an industry super fund may help boost your retirement savings because profits are paid back to members, no commissions are paid to financial advisers, and fees are historically low. And when you pay less in fees you have more money in your super investment. Obviously.

If you’re a member of an industry super fund you’ll be pleased to know that for many years the net (after fees and taxes) investment performance of industry super funds has been consistently better than that of retail (bank-owned) super funds with a similar risk profile.

And not just over the long term either – but over short, medium and long time frames to 31 December 2018. Over the 12 months to 31 December 2018, growth investment options for industry super funds delivered 11.6% compared with the 10.0% return of retail funds. Over five years industry funds returned 10.5%; retail funds 9.4%. The outperformance continues over three, seven and 10-year time periods.*

2) Has my super fund delivered consistent long-term investment performance?

Delivering excellent member service, low fees, flexibility and choice are really important features to look for in a super fund, but if your super fund isn’t delivering strong investment returns over the medium to long term you have good reason to ask why.

And as we’ve learned above, industry super funds have consistently outperformed retail funds over all timeframes to 31 December 2018.

So how did your super fund perform over the past year? The past ten years?

3) Is my super fund an energy super fund?

Choosing an industry super fund that’s right for your industry may reap even more benefits.

For example, Energy Super works with leading insurers to secure good deals on income protection insurance for energy professionals. This is a major benefit to workers in a high-risk industry like yours who find it difficult to get cover. Energy Super also offers additional rewards such as savings on health and travel, access to the Best Doctors medical specialist network, and post-trade electrical and health-and-safety training courses.

Energy Super has been awarded Canstar’s 2018 5-star Superannuation Rating for Outstanding Value, and for 10 consecutive years has been awarded SuperRatings’ highest platinum rating for Best Value for Money.** It has over 50 years’ experience in the energy industry, more than 47,000 members and over $7 billion in funds under management.

Not all super funds are the same. And not all industry super funds are the same. Contact Energy Super on 1300 436 374 or fsm@energysuper.com.au to find out how we can help you.

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* Source: Chant West. “A Stellar Year for Super Funds”, https://www.chantwest.com.au/resources/a-stellar-year-for-super-funds, 18 January 2018.

** Ratings are only one factor to consider when making investment decisions. Refer to energysuper.com.au/ratings for information about the rating and the rating scale.

Electricity Supply Industry Superannuation (Qld) Ltd (ABN 30 069 634 439) (AFSL 336567) is the Trustee and issuer of Energy Super (ABN 33 761 363 685). A Product Disclosure Statement (PDS) is available from energysuper.com.au or by calling 1300 4 ENERGY (1300 436 374). Advice contained in this document is general in nature and not specific to your particular circumstances. Before making an investment decision or acting on this advice you should consider your financial situation, the PDS and whether Energy Super is right for you. If you need assistance, talk to one of our financial advisers. Past performance is not indicative of future performance.


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