How to find your perfect super match

How to find your perfect super match

Julie Lander

With so much choice, how do you know you’re with the right super fund for you? We’re confident your account’s in great hands, but what’s important is that you feel the same way.

Here are four indicators of a super account that’s acting in your best interests:

We work for you, not others

We’re an industry super fund, so we’re run to profit members. Not every fund works this way. At CareSuper, we’re not trying to generate money for shareholders just your future. Over the last 10 years, Industry Super Funds have delivered on average around $15,000 more to their members than the average retail fund.1

We’re strategic with your investments

It can be tempting to chase the cheapest fund. However, they may be skimping on areas that are important to you- like strategically investing your money. Our focus is on active investment management, so we’re always hunting for investment opportunities in Australia and overseas that will add that bit extra to your return. We could just follow the ASX and other indices and like a cheaper fund, but we know you expect more.

We have a track record of consistent results

It’s important to check the consistency of returns. One year performing at the top means exactly that. A single good year. You’re going to want the best for your super for longer. Looking at a longer time period can give you a better picture of a fund’s ability to deliver results. Our Balanced option is the top performer over 20 years, with annual average return of 8.03%. That’s according to the SuperRatings May 2019 report.2 And that’s while protecting your money, not chasing short­-term investments trends.

We’re focused on the whole puzzle, not just one piece

Say you’re buying a new TV. You’ll weigh up a few things in your decision-making, like price, features and energy efficiency. Your super’s no different. Low fees or strong returns alone don’t always mean you’ll have a better outcome in the long run. It could come down to how they’re working together. Look at the overall picture, or ‘net benefit’, instead. It’s the combination of consistent long-term returns, minus fees, that’s the truest indicator of performance. A higher net benefit literally means more money. The good news? You’re already with a fund focused on net benefit performance.
But don’t just take our word for it. Use SuperRatings’ comparison tool and compare us against other super funds.

HAVE SUPER WITH OTHER FUNDS?

You can find and combine it into your CareSuper account in a couple of clicks.3

 

1 lnformation sourced from: www.industrysuper.com/compare/retail-super-funds/

2 SuperRatings Fund Crediting Rate Survey – SR50 Balanced (60-76) lndex, May 2019.

3 Before combining your super into CareSuper you should consider whether this is right for you and check if you will be charged any exit or other Fees. You should also check the impact on any insurance arrangements (such as loss of insurance) or other benefits.

Past performance is not an indicator of future performance.

 


Issued by CARE Super Pty Ltd (Trustee) ABN 91 006 670 060 AFSL 235226, CARE Super (Fund) ABN 98 172 275 725

The information provided in this website is general advice only and has been prepared without taking into account your particular financial needs, circumstances or objectives. You should consider your own investment objectives, financial situation and needs and read the appropriate product disclosure statement before making an investment decision. You may also wish to consult a licensed financial adviser.

The opinions expressed in this content are those of the author shown, and do not necessarily represent those of No More Practice or its related entities. This information is general in nature and does not take into account your personal objectives, financial situation or needs and so you should consider its appropriateness having regard to these factors before acting on it. To view our full terms and conditions, click here.

 

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