Your super and COVID-19



As the coronavirus (COVID-19) outbreak continues to develop – an event no one anticipated for 2020 – we have seen heightened press coverage and significant financial market volatility. Along with health concerns, you may be worried about the potential economic impact – particularly when it comes to the effect on your super and pension balances.

Our message to members is – get advice before making investment decisions about your super.

Turbulent markets can be nerve-wracking but sometimes it’s wise to weather the storm. Super is a long-term investment, so it’s important to think in years, not days or months. We understand when it comes to bumpy markets, fear is a natural reaction. But often, the most sensible thing to do during periods of extreme market volatility is to stick with the plan you already have in place. Being reactive and switching to alternative investments may mean missing out on future market improvements.

History has shown that markets do tend to recover over time. In fact, over the long term, the general trend of share markets has been upward. It is often more beneficial to ride out the bad times in order to achieve your long-term growth objectives.

What should members do?

For most members the answer may be just to do nothing.

While super balances have been be negatively impacted in the short-term by current market volatility, this is not necessarily a cause for concern. However, there are a few things to consider when looking at your super during this current global crisis.

Keep calm

There have been many times throughout history where markets have pulled back. But these relatively short periods are most often followed by favourable returns. Unfortunately, people tend to remember the bad more than the good, causing them to rethink their long-term investment strategy.

Think in years

Super is a long-term investment and your objectives will likely focus on five, seven or 10 year time periods. During its lifetime, your money will be exposed to many market cycles and as a result your account balance will move up and down. Volatility is a natural part of these cycles and experiencing some periods of negative return is a normal part of the super journey.


To manage risk, our diversified options are invested across a mix of assets which includes lower-risk assets like cash and bonds, which can help cushion the impact of any share market falls. Don’t forget, markets have always recovered from crises of this nature and gone on to increase over time.

Stick to your plan

We always caution against making investment decisions driven by emotions, like fear. Taking quick, reflex actions could result in you locking in the negative results, instead of riding out the wave of volatility and staying on course to your longer-term goals.

Get advice

Help and financial advice is only a phone call away. If you’re concerned about your super investment, we urge you to get in touch with our team.

What is VISSF doing?

The COVID-19 Coronavirus situation continues to evolve rapidly and the health and wellbeing of our members, staff and community remains our top priority. VISSF has clear Business Continuity Plans for the possible scenarios which may eventuate.

Throughout our 60-year history we have weathered many storms and our experienced teams remain dedicated to looking after your money at this uncertain time. 

The investment philosophy of our fund manager Russell Investments remains solid and its approach is focused on the medium to long-term objectives of our members. The construction of our portfolios ensures the VISSF investment options remain well balanced and diversified across various asset classes, industries and regions.

The expert team at Russell Investments are closely monitoring the market outlook, assessing portfolio risks, and fine-tuning portfolio positions. It has trading operations in all major time zones so can move quickly if required. The global team of economists, strategists, analysts and portfolio managers have lived and learned through many market cycles and volatility events and are well prepared to manage your money in all market conditions.

Here to help

If you are concerned about the impact of this current crisis on your super savings, or if you’re considering a change to your investment options, we urge you to contact our Client Services Team on 1300 660 027 weekdays between 9am and 5pm.

This communication provides general information only and does not take into account your personal financial situation or needs. You should consider obtaining advice that is specifically tailored to suit your circumstances.

Find & combine

Consolidating your super into one account makes your money work harder because you save on paying multiple sets of fees.

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