Super in the spotlight
As the cornerstone of Australia’s retirement system, superannuation is in the constant glare of personal, government and media scrutiny.
Just when you thought there couldn’t be any more super news, the Productivity Commission report released in January, and more recently the Banking Royal Commission report, has shone a timely light on some of the shortcomings within the $2.7 trillion superannuation system.
VISSF is a profit-to-member super fund, dedicated to servicing all employees who work in the education industry. So, it was pleasing to note the findings recognised that not-for-profit super funds have typically outperformed their retail counterparts and furthermore, that the current industry default system has provided stronger member protections.
As an education industry fund, we welcome any changes that will provide better outcomes for our members and believe these key findings reinforce the important role we play in safeguarding your retirement savings.
Our mission is to protect the futures of our members, who support our younger generations. We strive to deliver value that goes beyond your super or pension balance. For the second year in a row, Chant West has rated our efforts by awarding our super and pension fund with a High Quality 4 out of 5 Apples Rating.
This rating reaffirms our ongoing commitment to: deliver strong investment returns to members; maintain a low fee environment; provide relevant financial advice; offer appropriate insurance benefits; while continuing to enhance member services.
To find out more about the Chant West rating process, you can visit www.chantwest.com.au.
If you have any questions about your super or pension investment, you can call our friendly Client Services Team on 1300 660 027 weekdays.
My Super News
Over 20 percent return for many VISSF pension members
VISSF’s pension investments delivered crediting rates of 25.6% for All Growth and 20.2% for the Balanced option for the year ended 30 June 2013. Read More