UniSuper MySuper — results are in
Every year we’re required to assess the performance of our MySuper product, to ensure it continues to promote the financial interests of our members. After assessment for the year that ended 30 June 2024, we found that it does promote our members’ financial interests.1
MySuper is our Balanced option and the default investment option for our Accumulation 1, Accumulation 2 and Personal Account products. Our Balanced option is also the default investment option for the accumulation component of our Defined Benefit Division product.
How we shaped up
Our Balanced (MySuper) investment option has passed the Member Outcomes Assessment and we've determined that it promotes our members’ financial interests.
We assessed two key areas of our Balanced (MySuper) investment option, as prescribed by law:
- How we compare on fees and returns (Comparison matters)
- Other member benefits (Assessment factors).
Investment returns and fees
We've used public data from the Australian Prudential Regulation Authority (APRA) to compare the performance of our Balanced (MySuper) investment option with other MySuper investment options across the industry. Results show that our members have benefited from both competitive fees and a record of strong long-term investment returns.
The level of investment risk for our Balanced (MySuper) investment option was also considered, and was shown to be within the range of other MySuper products – more information is available on our MySuper Dashboard.
Strong long-term returns#
UniSuper's Balanced (MySuper) investment option outperformed the industry average over three, five and ten years to 30 June 2024 — based on data sourced from APRA.
UniSuper ranked 2nd for highest MySuper net returns over ten years to 30 June 2024. * # ~
For the latest fees and return comparisons, use the Australian Taxation Office’s YourSuper comparison tool.
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10-year investment return
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5-year investment return
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3-year investment return
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1-year investment return
10-year investment return
This graph shows UniSuper's 10-year investment return compared to the industry average.*
Source: APRA Quarterly Superannuation Product Statistics, June 2024.
5-year investment return
This graph shows UniSuper's 5-year investment return compared to the industry average.*
Source: APRA Quarterly Superannuation Product Statistics, June 2024.
3 year investment return
This graph shows UniSuper's 3-year investment return compared to the industry average.*
Source: APRA Quarterly Superannuation Product Statistics, June 2024.
1 year investment return
This graph shows UniSuper's 1-year investment return compared to the industry average.*
Source: APRA Quarterly Superannuation Product Statistics, June 2024.
Competitive fees^
Based on APRA's data, fees and costs on our Balanced (MySuper) investment option for a member with a $50,000 account balance were lower than the industry average and most other comparable products (based on similar risk profiles).
This graph shows UniSuper's annual fees and costs compared to the industry average, with a $50,000 account balance.^
Source: APRA Quarterly Superannuation Product Statistics, June 2024.
Other member benefits
Members first
As an industry fund, our members are at the heart of all we do.
We don't pay our advisers commissions, and we don't pay shareholders dividends. We review our fees annually, across member groups, to ensure these remain fair and competitive.
Scale and efficiency
With $139 billion total assets in funds under management as of 30 June 2024, you benefit from the scale of one of the largest super funds in Australia.2
We also manage over 70% of assets in-house. This allows us to deliver lower fees and greater value for our members.
Investment strategy
We review the investment strategy for our options regularly, to check that the level of investment risk and the return target are appropriate.
For the financial year that ended 30 June 2024, we determined that the investment strategy for our products was appropriate for members in those products.
Our default Balanced (MySuper) product has again passed the annual APRA performance test, helping to maintain our record of strong long-term returns.*
Responsible investing
We consider material environmental, social and governance (ESG) factors across our major investments.
As a large investor, we’re able to engage with our major investments on issues that matter to us.
We offer members the choice of three sustainable and environmental branded options, which have been certified and classified as Sustainable Plus by the Responsible Investment Association Australasia (RIAA).3
Insurance
We insure a lot of members, so we negotiate premiums at bulk rates, which helps keep your premium costs down.
Based on an assessment of members' needs, we’re satisfied that, overall, our insurance strategy is appropriate, and our premiums are affordable.
Tools and information
We have great resources to help you manage and compare your super, including online tools, retirement savings and income calculators, investment update videos, in person seminars, podcasts and webcasts.
Online account
Financial advice
Join an award-winning fund
We’re known as one of Australia’s best super funds for our record of strong long-term investment performance.* We’re proud to be consistently recognised as an award winning fund. 4
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Things you need to know
1 Compare UniSuper with other super funds.
2 4th largest fund by total assets under management as of 30 June 2024. Source: APRA Annual Fund-Level Superannuation Statistics.
3 Sustainable and environmental investing means different things to different people. Different products have different investment criteria. Read our How we invest your money document (PDF, 1.27 MB) to find out what sustainable and environmental investing means to us and what our investment options invest in. Different products have different approaches. The Responsible Investment Certification Program provides general advice only and does not take into account any person’s objectives, financial situation, or needs. Neither the Certification Symbol nor RIAA recommends to any person that any financial product is a suitable investment or that returns are guaranteed. Because of this, you should consider your own objectives, financial situation and needs and also consider the terms of any product disclosure document before making an investment decision. Certifications are current for 24 months and subject to change at any time.
4 Money magazine Best Pension Fund 2023, 2024, and 2025. Canstar Outstanding Value Superannuation 2022, 2023 and 2024. SuperRatings’ 2025 Retirement Offering of the Year and 2024 Fund of the Year.
The rating is issued by SuperRatings Pty Ltd ABN 95 100 192 283 (SuperRatings) a Corporate Authorised Representative (CAR No.1309956) of Lonsec Research Pty Ltd ABN 11 151 658 561, AFSL No. 421445. Ratings are general advice only and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and SuperRatings assumes no obligation to update. SuperRatings use proprietary criteria to determine awards and ratings and may receive a fee for the use of its ratings and awards. Visit superratings.com.au for ratings information. © 2024 SuperRatings. All rights reserved.
* Past performance is not an indicator of future performance
Consider the Product Disclosure Statements (PDS) and Target Market Determinations (TMD) on our website and your circumstances before making decisions, because we haven't.~ Ranking is based on APRA Quarterly Superannuation Product Statistics
Ranking is based on APRA Quarterly Superannuation Product Statistics comparing UniSuper to other funds’ MySuper options with a similar risk profile (i.e., growth assets, around 60-75%), as determined using the Chant West Member Outcomes Dashboard.
^ Competitive fees
Year that ended 30 June 2024 MySuper total fees with a $50,000 account balance UniSuper UniSuper’s Fees and Costs were $356 Industry average The industry average for Fees and Costs was $458 Rank UniSuper ranked 6th out of 44 similar products~ MySuper fees | Source: APRA Quarterly Superannuation Product Statistics, June 2024
MySuper Investment Returns | Source: APRA Quarterly Superannuation Product Statistics, June 2024Period that ended 30 June 2024 Investment returns (similar risk profile) 1 year (% p.a.) 3 years (% p.a.) 5 years (% p.a.) 10 years (% p.a.) UniSuper UniSuper’s return was 9.04% p.a. UniSuper’s return was 4.75% p.a. UniSuper’s return was 6.31% p.a. UniSuper’s return was 7.72% p.a. Industry average The industry average was 9.06% The industry average was 4.28% p.a. The industry average was 5.65% p.a. The industry average was 6.50% Rank UniSuper ranked 15th out of 44 similar products UniSuper ranked 12th out of 43 similar products UniSuper ranked 7th out of 43 similar products UniSuper ranked 2nd out of 39 similar products
Chant West
Chant West’s Member Outcomes Dashboard, data ending 30 June 2024. Zenith CW Pty Ltd ABN 20 639 121 403, AFSL 226872/AFS Rep No. 1280401. Third-party data does not contain all information required to evaluate the nominated service providers. To the extent that any Information provided is advice, it is limited to General Advice only and has been prepared without considering the objectives or financial situation of any individual, including target markets where applicable. It is not a recommendation to purchase, sell or hold any product and is subject to change at any time without notice. Individuals should seek independent advice and consider the PDS or offer document before making any investment decisions. Data is provided in good faith and is believed to be accurate, however, no representation, warranty or undertaking is provided in relation to the accuracy or completeness of the data. Data is subject to copyright and may not be reproduced, modified or distributed without the consent of the copyright owner. Except for any liability which cannot be excluded, Chant West does not accept any liability whether direct or indirect, arising from use of the data. Past performance is not an indication of future performance. Refer to www.chantwest.com.au for full details on Chant West’s research methodology, processes and FSG.