Your super is with a strong, long-term performer
While the COVID-19 crisis resulted in a sharp downturn in global economic activity in March 2020, our performance rebounded in the June quarter. It's important to remember short-term market volatility is not unexpected within an economic cycle and that your super is a long term investment.
Watch the video below to hear from Sunsuper's Chief Economist, Brian Parker.
Strong, long-term investment returns
The COVID-19 pandemic resulted in an unprecedented downturn in global economic activity in March, which impacted most investments. It is important to remember that the negative return in 2019-20 follows many years of very strong returns. In fact, this is the first negative return since 2012.
While it's disappointing to see a negative return over one year, we have already seen a bounce back in the three months to 30 June 2020 and our Balanced investment option has continued to outperform the industry average over the long-term:
Source: SuperRatings Fund Crediting Rate Survey - SR50 Balanced (60-76) Index, June 2020. Past performance is not a reliable indication of future performance.
Our 1-year return in context
The COVID-19 crisis resulted in a sharp downturn in global economic activity in March 2020. While our performance rebounded in the June quarter, Sunsuper's Balanced investment option for Super-savings accounts produced its first negative 1-year return since 2012. It's important to remember, though, that while we are disappointed to see a negative return in any 1-year period, short-term volatility is not unexpected within an economic cycle. Super is a long-term investment and we accept some years of lower, possibly negative returns, in order to achieve strong, long-term returns.
Fees among the lowest in the industry
Lower fees are great news for you since the less you pay in fees on your super account, the more money you'll have to live your retirement dreams.
Compare our administration and investment fees for the Sunsuper MySuper Balances Pool against the industry average.
1 Based on administration and investment fees and costs currently at 30 November 2020, SuperRatings Fundamentals Report, Average Super Industry Fees based on Balanced (60-76) style options (excludes insurance costs).
2 Based on administration and investment fees and costs currently at 30 November 2020, SuperRatings Fundamentals Report - Sunsuper for Life MySuper Balanced Pool (excludes insurance costs).
One of Australia's most awarded funds
Sunsuper is an award-winning, profit-for-members super fund named Chant West’s Super Fund of the Year 2020 and SuperRatings’ MyChoice Super of the Year 2021. We’re also Chant West’s Member Services Best Fund 2020 and, since 2015, we’ve held Canstar’s highest 5-Stars Outstanding Value rating for outstanding value superannuation.
Here are some super strategies
Especially during difficult times, we're here to help you with strategies to make the most of your super so you can grow your balance and achieve your best retirement outcome.
100% dedicated to members
We exist only to benefit our 1.3 million members, which means we return all our profits as better services and lower fees, and our members truly sit at the heart of everything we do.
1 The balanced option for Super-savings accounts has identical investments to the balanced Pool in Sunsuper's default investment option, the Lifecycle Investment Strategy. Members invested in the Lifecycle Investment Strategy are invested 100% in the Balanced Pool until age 55. Warning: Past performance is not a reliable indication of future performance.
2 Percentage based fee applies to the first $800,000 of account balance only (if account balance is over $800,000 a nil percent Administration fee applies to the balance over $800,000). Does not include investment fees and costs. For balances under $6,000 on products offered a maximum 3% fee cap applies, inclusive of administration fees, investment fees and indirect costs.
For information about awards visit sunsuper.com.au/rewards.