Choose a top 10 MySuper fund
We’re a top 10 MySuper fund1 and for the first time in our 40-year history we’re open to Australians across all industries and employers. We’re proud to be an industry super fund, run only to benefit members. We have low fees, and we don't pay profits to shareholders, or commissions to advisers.
UniSuper tops list of 10 best-performing MySuper options
The Australian Prudential Regulation Authority (APRA) has released the results of its latest assessment of Australia’s superannuation sector revealing the best performing MySuper products from each super fund in 2022.
APRA’s data shows that the list of 10 top-performing default MySuper products was dominated by industry super funds and includes options from AMP, Australian Retirement Trust, Australian Super, First Super, Hostplus and UniSuper.
Based on performance test metrics, UniSuper’s default Balanced (MySuper) product topped the list and outperformed its net investment return benchmark by 1.56%.^
Here’s the list of the top 10 performing MySuper products:1 |
|
|---|---|
| 1. UniSuper | 6. First Super |
| 2. Meat Industry Employees | 7. Australian Retirement Trust (QSuper Lifetime) |
| 3. Goldman Sachs & JBWere Superannuation Fund | 8. Australian Super |
| 4. Hostplus | 9. Australian Meat Industry Superannuation Trust |
| 5. Macquarie Group (AMP Super Fund) | 10. Australian Retirement Trust (Super Savings Lifecycle Investment Strategy) |
Performance that puts you ahead
We’re a consistent top performer with our Balanced investment option delivering top quartile returns over 5, 7 and 10 years to 31 December 2022. 2 *
Our Balanced investment option also outperformed the industry median in average yearly investment returns over the 10 years to 31 December 2022. Use the table to compare our performance. 2 *
Table: Average yearly Balanced investment option returns over the 10 years to December 2022
| UniSuper Balanced Investment option (%p.a.) | Industry super fund median (%p.a.) | Overall industry median (%p.a.) |
|---|---|---|
| 8.45 | 8.22 | 7.46 |
Source: SuperRatings December 2022 Fund Crediting Rate Survey2
*Past performance is not an indicator of future performance.
Accumulation - Balanced investment option
| Account Balance | Ranking for lowest super fees | Number of funds ranked |
|---|---|---|
| $500,000 | 1 | 92 |
| $250,000 | 1 | 92 |
| $100,000 | 2 | 92 |
| $50,000 | 3 | 92 |
Source: Chant West Super Fund Fee Survey June 2022.3
Low fees, better value
We have some of the lowest fees in the Australian super fund market. Our Balanced option is ranked in the top three for lowest total fees and costs across several balances, including 1st for balances of $250k or more.3
Our expert in-house investment team and no-commissions policy mean better value for members.
Use the table to see how we compare.
Award winning super
We’ve received Canstar’s Outstanding Value Award – Superannuation, for 2022 and 2023 and Canstar's 2023 Most Satisfied Customers Super Fund Award – and we’re Money magazine’s Best Pension Fund 2023.†
We’re recognised as one of Australia’s best-performing superannuation funds, with a record of great returns across a variety of investment options.* See for yourself.
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Find out more about Personal Accounts by reading the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD).
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Things you need to know
1 Source: APRA MySuper Heatmap, December 2022. Excludes products closed to public; based on APRA’s Performance Test measure. For more on UniSuper’s MySuper option, read our Member Outcomes Assessment. Compare MySuper product performance with the YourSuper comparison tool, provided by the Australian Taxation Office.
2 According to SuperRatings Pty Ltd’s Fund Crediting Rate Survey December 2022_SR Balanced (60-76) option, published 20 January 2023. Past performance is not an indicator of future performance. The rating is issued by SuperRatings Pty Ltd ABN 95 100 192 283 AFSL 311880 (SuperRatings).
3 Source: © Zenith CW Pty Ltd (Chant West) (ABN 20 639 121 403). This comparison has been prepared by Chant West at the request of UniSuper and is based on information provided by third parties that is believed accurate at the time of publication. Fees may change in the future which may affect the outcome of the comparison in this document. UniSuper Accumulation products invested in UniSuper's Balanced investment option as ranked in Chant West's Growth [61-80%] investment category – Chant West Super Fund Fee Survey June 2022. The above ranking and fee comparison is for the Balanced investment option only - both ranking and fees may differ for other investment options. Administration and investment fees and costs data is adjusted by Chant West so like comparisons can be made. Adjustments result in fees being gross of income tax, administration fees include fees and any indirect costs, investment fees and costs include fees charged (including performance fees) and any indirect costs and accordingly data contained in the research may differ from data shown in other published materials.
*Past performance is not an indicator of future performance. Consider the PDS and TMD on our website and consider your circumstances before making decisions, because we haven’t. Read the full disclaimer.
† Canstar, 18 May 2023
^ Source: Superannuation fund performance: Australia’s best and worst default funds revealed (afr.com)